Advertisement
UK markets open in 1 hour 28 minutes

  • NIKKEI 225

    39,091.89
    +474.79 (+1.23%)
     

  • HANG SENG

    18,894.51
    -301.09 (-1.57%)
     

  • CRUDE OIL

    77.04
    -0.53 (-0.68%)
     

  • GOLD FUTURES

    2,374.30
    -18.60 (-0.78%)
     

  • DOW

    39,671.04
    -201.95 (-0.51%)
     

  • Bitcoin GBP

    54,550.57
    -349.56 (-0.64%)
     

  • CMC Crypto 200

    1,512.90
    -13.52 (-0.89%)
     

  • NASDAQ Composite

    16,801.54
    -31.08 (-0.18%)
     

  • UK FTSE All Share

    4,560.55
    -23.85 (-0.52%)
     
Money:

How to protect your finances during divorce

However you do it divorce will leave you poorer, and you will need to watch your finances carefully

Glencore joins grain merchants' digital project

Reuters

PARIS (Reuters) - Glencore Agriculture Limited has joined a project launched last year by other global grain merchants to use new technologies to raise efficiency in trading operations.

The initiative was announced last October by the so-called ABCD grain majors - Archer Daniels Midland <ADM.N>, Bunge <BG.N>, Cargill and Louis Dreyfus Company.

It was later joined by COFCO International, the overseas trading arm of Chinese state-owned food group COFCO.

In a joint statement on Thursday, Glencore and partners said that, after studying digital solutions such as blockchain and artificial intelligence, next steps would include selecting technology providers and developing a pilot covering bulk soybean shipments from Brazil to China.

ADVERTISEMENT

The partners have underlined potential gains in moving away from paper documents and emailed-based communication prevalent in grain trading towards faster digital processes.

Glencore Agriculture is jointly owned by diversified commodity group Glencore <GLEN.L> and two Canadian investment funds.

(Reporting by Gus Trompiz; editing by Jason Neely)