Louis Dreyfus in marketing joint venture with Namoi Cotton

NEW YORK Tue Jan 15, 2013 6:02pm EST

NEW YORK Jan 15 (Reuters) - Louis Dreyfus Commodities, the world's largest cotton merchant, has set up a joint venture with Namoi Cotton Co-operative Ltd to sell fiber produced by one of Australia's biggest co-operatives, Namoi said on Tuesday.

Namoi will hold a 51 percent stake in the venture, with Louis Dreyfus owning the remaining 49 percent.