Spotlight | Africa
The collapse of commodity trader Phoenix shakes up rice trade

By poaching veterans from rice trading giant Phoenix Global, which was liquidated in 2020, and taking over its contractual positions, the firm's competitors Swiss Singapore, Olam and Ameropa are now ready, thanks to their vastly expanded African network, to face the current surge in food prices. [...]
Published on 19.01.2022 at 05:00 GMT Reading time 3 minutes
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