Founded in 1783, ED&F Man sources, stores, ships and distributes agricultural products, including coffee, sugar, molasses and grain.
The London-based agricultural commodities company’s decision to open an office in Kiev, Ukraine, and establish a team in Shanghai, China, comes about a year after the company expanded into Ukraine and Russia.
Bloomberg, the Kiev office will have 12 to 15 people who will be responsible for trading grains, sugar and molasses. Meanwhile, in Shanghai, six grain traders are expected to share an office with the company’s sugar team.
ED&F Man entered the pulses business earlier this year with the acquisition of Yalding, Kent, U.K.-based Maviga P.L.C. Maviga is an international player in the origination, processing and supply of dried edible pulses and other specialty crops, including sesame seeds.
Founded in 1783, ED&F Man sources, stores, ships and distributes agricultural products, including coffee, sugar, molasses and grain. The company also helps many of its customers manage pricing risk through financial products, and for others acts as a broker, executing orders for hedge funds and professional traders.