Nidera Says `Rogue Trader' Caused Significant Loss in Biofuels

Updated on
  • China's Cofco bought 51 percent stake in Dutch trader in 2014
  • Nidera CEO says food trader has now exited biofuels business

Nidera BV, the Dutch grain trader controlled by a Chinese state-owned company, suffered a loss in biofuels because of the actions of what its chief executive officer described as a “rogue trader.”

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