United Kingdom-Farm Investment office closed.

UNITED KINGDOM.

FARM INVESTMENT OFFICE CLOSED.

Merrill Lynch has closed its European agricultural proprietary trading business, it was revealed in London on Friday.

The bank announced the decision internally on Thursday, with a memo to the three staff involved on the desk,saying that it was to take effect immediately.

The agricultural desk traded futures and options in commodities, including sugar, corn, wheat and oilseeds and began operations in early 2008.

Merrill Lynch have made no statement, the report was on the Dow Jones newswires on Friday.