GFM Network News

Vitol plans grain market debut, hires Viterra traders

Hired Trading houses expanding into new commodities markets 
were quick to pounce on Viterra staff not needed by Glencore

Reading Time: 2 minutes Reuters / Top oil trader Vitol is building a global grains desk and has taken advantage of Glencore’s takeover of Canadian grains giant Viterra to hire a team of its traders, trading sources said Feb. 20. Vitol, which has an annual turnover of nearly $300 billion, will vie for market share along with rival trading […] Read more