Grain Trader Nidera Reveals $200 Million ‘Rogue Trader’ Loss

Updated on
  • Dutch grain trader posted its first annual loss in five years
  • China’s Cofco set to increase its 51 percent stake after loss

Nidera BV, a division of China’s largest food company, lost nearly $200 million over three years due to what it called “severe” irregularities by a single trader in biofuels.

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