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Cofco Seeks Acquisitions to ‘Balance’ China’s Food Demand

Cofco Ltd., China’s largest grains trader, said it is seeking overseas acquisitions to help secure supplies of commodities including soybeans, wheat and sugar as rising domestic incomes spur faster food demand growth.

The state-owned company is looking for investments in the U.S., South America, Australia and Russia, Frank Ning, company chairman, said in an interview in Beijing. He did not identify which companies were being considered.