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Noble Will Target U.S. Agriculture Assets to Supply China

Noble Group Ltd., Asia’s biggest publicly traded commodity supplier, will target agricultural assets in the U.S. as it seeks to meet demand from China and sees potential for deals across its units.

“It’s hard to be the supplier and partner of choice for China in the grain space, and especially in the corn space, without having significant origination assets in the U.S.,” CEO Yusuf Alireza said today in an interview with Susan Li on Bloomberg Television’s “First Up” program. “Over the medium term, that’s an investment we’re looking to make.”