Glencore Joins Efforts to Modernize Agribusiness Shipping -- Market Talk
September 19 2019 - 12:48PM
Dow Jones News
12:18 ET - Glencore's agriculture unit has joined a group of the
biggest agribusiness companies in their efforts to modernize global
shipping transactions. In a bid to drive down costs and boost
efficiency. Archer Daniels, Bunge, Cargill and Louis Dreyfus last
October said they would use emerging digital technologies such as
blockchain and artificial-intelligence to automate grain and
oilseed transactions. China's Cofco got on board in December. The
group says it expects to launch the new platform in the second half
of next year. (colin.kellaher@wsj.com)
(END) Dow Jones Newswires
September 19, 2019 12:33 ET (16:33 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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