Beijing – May 13, 2021
Influential Chinese agricultural data provider Cofeed has suspended operations without explanation, leaving a gap in highly valued information on grain and oilseed supplies in the world’s biggest soybean buyer.
The company, officially known as Beijing TianxiaLiangchang Technology Co Ltd, stopped updating its website with data and analysis on April 29.
It has also stopped supplying daily and weekly data to Refinitiv.
Cofeed, founded in 2002, produces data on most of China’s key grains and oilseeds.
Its numbers on soybean and soymeal stocks, soybean crushing volumes, crushing margins and corn pricing are widely used by traders both in China and overseas.
The abrupt halt to Cofeed’s operations comes during a period of heightened interest in Chinese demand for global grain, after prices of Chinese corn rallied to a record during 2020, driving imports of grain to unprecedented levels.
Sourse: Reuters
