Thank you for providing the Glencore Agriculture with the opportunity to address the report by Public Eye, "Agricultural Commodity Traders in Switzerland – Benefitting from Misery", published in June 2019.

We are disappointed Public Eye did not contact either Glencore International AG (the Swiss based headquarters of Glencore plc, our main shareholder) or Glencore Agriculture during the drafting of their report and as a result the report is an unbalanced portrayal of Glencore Agriculture and the industry.

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