Sources: ADM to sell cocoa unit to Cargill

10/1/2013 | Reuters · ConfectioneryNews.com (France)

Archer Daniels Midland is expected to sell its cocoa unit to Cargill, creating an industry dominated by just two firms, Cargill and Barry Callebaut. "The small players need to be competitive or they might risk being squeezed out of the market," said Vanessa Tan, an investment analyst at Phillip Futures in Singapore.

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Reuters · ConfectioneryNews.com (France)

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