LONDON/NEW YORK (Reuters) – ED&F Man said on Friday it is reviewing its physical grains trading operations after a challenging year and may partially or entirely exit the business.
The company said it would not be taking new positions in physical grains during the review, which is the latest leg of restructuring at the more than 230-year-old commodities firm, which last month saw the ouster of its chief executive officer and managing director of its commodities division.
ED&F Man said in October it will be restructuring its core sugar business, as it struggled to cope with surplus stocks depressing prices.
The company also said on Friday the EUs resumption of unrestricted sugar exports, after many years in which they had been limited by …
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