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Glencore joins global initiative to modernise commodity trading

Glencore joins global initiative to modernise commodity trading

Swiss commodity trading firm Glencore Agriculture has joined the world’s leading agribusinesses in an initiative to modernise global agricultural commodity trading. , Glencore joins global initiative to modernise commodity trading. The companies Glencore joined were the so-called ABCD group of agribusiness – Archer Daniels Midland (ADM), Bunge, Cargill and Louis Dreyfus Company (LDC) – which established the initiative last October, with China’s COFCO International joining in December.The initiative was initially looking at new technologies, including blockchain and artificial intelligence, to automate grain and oilseed post-trade executive processes, which would reduce the costs of moving agricultural and food products around the globe,

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