Marcelo de Andrade, head of that business, has relocated to Dubai from Brazil to establish the trading hub, he said in an interview at the Dubai Sugar Conference this week.
Academics at Birmingham University voted today to boycott its new campus in Dubai in protest at the jailing of…191 Views | the publication reaches you by | Dubai Today
“We are trying to implement the same concept we have in sugar to other businesses,” de Andrade said, commenting on coffee and cotton. “We need to work more efficiently, be more focused, improve our origination.”
The trading hub will give Cofco easier access to sugar producers such as India and Thailand, as well as to deficit areas in the Middle East and Asia. It will also allow for easier dealings with the head office in Geneva and China, where the parent company is located. Cofco already had small operations in Dubai, with an office in the Jebel Ali Free Zone.
Do you have information you want to reach our readers?
The global freelancing market is set to grow $20bn by 2020. Where does the market stand here in…