(Sharecast News) - Information services provider Euromoney Institutional Investor has bought Census Commodity Data, primarily operating through its brand AgriCensus, for an undisclosed sum.
Founded in 2017, AgriCensus is a small investment-stage price reporting agency providing more than 200 price assessments on the grain, oilseeds and biofuels industries, supplemented by market news and intelligence.
Raju Daswani, chief executive officer of Euromoney's Fastmarkets business, said: "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. Through its excellent team and leadership, AgriCensus has started the process to provide much-needed price discovery in these opaque markets. Fastmarkets can now develop this position further by leveraging our established reputation in pricing and providing access to our global PRA infrastructure."
At 0840 GMT, the shares were down 5.3% at 983p in a sharply lower London market.
21 Nov 2022 14:09
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