Two months ago four of the world’s largest agribusiness companies
announced a consortium to digitize shipping using AI and blockchain. Today COFCO International
joins the initiative to “Modernise Global Agricultural Commodity Trade Operations”. COFCO International is the Swiss-based overseas investment and asset management arm of Chinese agribusiness COFCO Group. The existing consortium companies are Archer Daniels Midland (ADM), Bunge, Cargill, and Louis Dreyfus Company (LDC). Together the aim is to increase transparency and efficiency for customers.
The timing is interesting amid a trade war. However, given the 90-day agreed truce, China was back in the soya bean market this week, according to
Reuters.
| Company |
Revenue |
People |
| ADM |
$60.8 billion |
31,300 |
| Bunge |
$45.8 billion |
31,000 |
| Cargill |
$114.7 billion |
155,000 |
| LDC |
$18.8 billion |
19,000 |
| COFCO |
$34 billion |
12,000 |
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
