Archer Daniels Midland (ADM) is reportedly close to selling its cocoa operations to Cargill Foods in a deal that could be worth $2 billion. The deal would move ADM closer to its consolidation in the grains sector as it also nears its acquisition of Australian GrainCorp., and it would establish a global rival to Zurich-based Barry Callebaut, the world’s biggest producer of industrial chocolate products.
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