Friday, November 23, 2012

Buy commodity trading firms?

The Carlyle group has bought a minority stake in the Export Trading Group (ETG) which is the largest trader in cashew nuts. Glencore bought Viterra of Canada, Marubeni acquired Gavilon, and ADM is trying to buy GrainCorp.

Bunge is trading a highs for the year, but Olam is involved is a nasty short fight with Muddy Waters LLC. Trading firms in the commodity markets are a hot area of interest, but for how long?

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