Itochu, a Tokyo-based trading house, will join Cofco, the largest agricultural trading and processing company in China, in buying grain and other food around the world.

The companies have set up a working team to decide details of the cooperation, Yoshihisa Aoki, Itochu's managing executive officer said Monday at a media briefing. Joint purchases of grains, dairy products, meat and other products would be discussed, he said.

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