Cargill Withdraws From Coal, Europe Power Markets
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Cargill Inc., the largest closely held U.S. company, will stop trading in European power and natural gas and global coal markets after oversupply and slowing demand dragged down prices.
“Significant changes in the coal and European power and gas markets have led Cargill ETM to withdraw from these two sectors,” the company said yesterday in a statement. It will maintain its oil, petrochemicals, steel, marine freight and North American gas and power businesses.