GFM Network News


Who owned the chemicals that blew up Beirut? No one will say

The fertilizer's Georgian producer has since been dissolved; the ship that brought it to Lebanon sank in 2018

Moscow/Dubai/London | Reuters — In the murky story of how a cache of highly explosive ammonium nitrate ended up on the Beirut waterfront, one thing is clear — no one has ever publicly come forward to claim it. There are many unanswered questions surrounding last week’s huge, deadly blast in the Lebanese capital, but ownership

Dutch grain trader Nidera is one of the recent acquisitions COFCO hopes will transform it into a top international grain company.

China’s COFCO makes painful cuts in drive to lead global food trade

The state-owned trading company is aiming to elbow its way in to the club of top grain traders

China’s COFCO International is in the throes of a staffing upheaval as the group pursues its professed ambition of sitting at the top table of global agricultural traders. But doubts persist among some in the industry over whether the trading firm will really challenge the existing four dominant players in grains, oilseeds and sugar. In




Payment problems reported disrupting Iran food deals

London/Ankara | Reuters — Payment problems are disrupting commercial food cargoes to Iran, with hundreds of thousands of tonnes of grain and sugar stuck in transit, as Western banking sanctions complicate deals and trade financiers scale back exposure. Iran is not barred from buying food or other “humanitarian” goods under sanctions imposed over Tehran’s pursuit