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COFCO makes painful cuts in bid to lead food trade

But doubts persist among some in the industry over whether the Chinese trading firm will really challenge the existing four dominant players in grains, oilseeds and sugar

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Whether the firm has achieved a turnaround yet is unclear. No profit and loss accounts are available for COFCO International, in which the Beijing parent holds 48 per cent and the sovereign wealth fund China Investment Corp 12 per cent.

Beijing

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

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