9th Mar 2020 09:13
(Alliance News) - Euromoney Institutional Investor PLC on Monday said it has acquired Census Commodity Data to expand in the agricultural commodity market.
The media and investment company said Census Commodity Data, through its brand AgriCensus, serves as an agency, providing price assessments on the grain, oilseeds and biofuels industries.
"Rising population and the resulting increase in food demand is a trend that is expected to be in place for at least the next three decades. Our acquisition of AgriCensus provides us with exposure to this market and establishes an important strategic position for us in agriculture," explained Fastmarkets Chief Executive Raju Daswani.
Fastmarkets is Euromoney's price reporting business. Euromoney did not disclose the price for the acquisition.
FTSE 250-listed Euromoney shares were trading 5.3% lower on Monday at 983.00 pence each.
By Evelina Grecenko; [email protected]
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