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Commodity stocks see price recovery

Published Thu, Mar 6, 2014 · 10:00 PM
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A RUN-UP in the share prices of commodity stocks on the Singapore Exchange in recent weeks has caught the market by surprise.

Some analysts attribute it to news of a possible sale of Noble Group's agribusiness arm to China's largest grains trader COFCO Corp, signalling what could be a return of investor interest into the sector.

Noble and COFCO are reported to be in talks to form a joint venture in sugar, soybeans and wheat.

The share price of Noble, the largest commodity trader in Asia by revenue, has climbed 2.8 per…

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