Trader Glencore has joined a group of charterers aiming to digitalise transactions globally.
Cargill said its rival had signed up to the initiative it began last October with Louis Dreyfus, Archer Daniels Midland and Bunge, together the world's four largest grain traders. COFCO also joined later.
The group is looking at new technologies such as blockchain and artificial intelligence to automate grain and oilseed post-trade execution processes, reducing costs needed to move agricultural and food products around the globe.
