HAMBURG Nov 27 (Reuters) – Leading German agricultural
trading group BayWa AG said on Thursday it has
established a grain trading unit in Spain, continuing its
international expansion.

The new Madrid-based unit, Cefetra Iberica, will supply
agricultural commodities including grains and soybean products
to customers in Spain and Portugal, BayWa said.

Munich-based BayWa’s agriculture business was traditionally
concentrated in the south German states of Bavaria,
Baden-Wuerttemberg and the eastern state of Saxony.

But the company has been expanding its international trading
operations in the last two years.

In 2012, it moved into grain trading in the Netherlands. It
also established a grains unit in Italy earlier this month,
which has already traded about 150,000 tonnes of soy to Italian
animal feed makers, the company said.

(Reporting by Michael Hogan; editing by David Clarke)