日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Companies

COFCO unit partners with US-based co-op

By Zhong Nan | China Daily | Updated: 2017-08-22 08:53

COFCO unit partners with US-based co-op

Two officials from Shandong Inspection and Quarantine Bureau check imported soybeans at Rizhao port, Shandong province. [Zhu Yuanli/for China Daily]

China National Cereals, Oils and Foodstuffs Corp - the country's biggest food trader by sales revenue, on Monday confirmed that COFCO International Ltd, one of its subsidiaries, has formed a grain supply partnership with the Illinois-based farm cooperative Growmark Inc.

The deal was sealed at Bloomington, Illinois on Aug 15. As part of the deal, they will jointly own and operate a truck, rail and barge terminal in Cahokia, Illinois, on the Mississippi River, the main pipeline that supplies exporters along the US Gulf Coast with corn and soybeans.

The facility can receive about 180,000 bushels (4572.24 metric tons) of corn per hour, delivered by truck and rail, and can load two river barges simultaneously at a rate of about 60,000 bushels per hour.

COFCO also acquired the terminal near the busy inland port of St. Louis as part of its Nidera deal, completed in 2016.

Growmark staff will assist in sourcing grain at COFCO's St. Louis office as part of the partnership, the companies said in a statement.

This partnership will offer China more direct access to ensure food imports, said Ding Lixin, a researcher at the Chinese Academy of Agricultural Sciences in Beijing.

"The food industry has gained a growing influence in the country's economy over the past decade. China also needs more food to boost domestic consumption and facilitate ongoing supply-side structural reform," Ding said.

This also is the latest expansion move by COFCO International since it invested $3 billion to buy Noble Group's agribusiness and a large stake in Dutch grain trader Nidera BV in deals that bolstered its position in the global grain market.

The deal draws a more direct link between a large Chinese food importer and farmers in the world's largest corn exporter and second biggest soybean exporter.

Growmark hopes to solidify ties to a huge market in China, the world's top soybean importer and major buyer of other agricultural goods.

Neither company disclosed terms of the deal.

Eager to enhance its earning ability, COFCO has already increased staff numbers in Geneva, home to COFCO International's headquarters and the center of its grains and oilseeds business. Its Rotterdam office has separately played a core role in trading activities.

The media office of COFCO's headquarters in Beijing said the group will accelerate its pace of building warehouses and logistics facilities in the world's major grain-producing regions this year.

The State-owned group plans to build new warehouses and processing facilities in countries including the United States, Myanmar, Kazakhstan, Ukraine and Indonesia to acquire more food resources at global markets.

Reuters contributed to the story.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: www一区| 东京不太热在线新视频 | 午夜影视免费片在线观看 | 手机成人在线视频 | 精品伊人久久大线蕉地址 | 高清一区高清二区视频 | 国产精品视频一区二区三区不卡 | 最新的黄色网址 | 日韩亚洲欧美一区 | 色婷婷成人做爰A片免费看网站 | 欧美高清18 | 欧美一极视频 | 色精品一区二区三区 | 亚洲a网 | 黄色片视频免费看 | 噜噜噜动态图超猛烈 | 亚洲最新色| 日本成人在线看 | 97中文| 国产亚洲精品sese在线播放 | 99热欧美 | 午夜影院试看 | 成人免费午夜性视频 | 91高清免费 | 日韩在线黄色 | 一区二区三区在线视频播放 | 国产一级影视 | 国产成人福利精品视频 | 久久久久亚洲视频 | 日韩成人免费视频 | 久久精品欧美一区二区三区不卡 | 亚洲高清视频在线 | 欧美交性又色又爽又黄 | 久久精品国产一区二区 | 日韩2区| a级片在线免费播放 | 色吧久久| 中文字幕av一区二区 | 欧美成人观看 | 久久久国产一级片 | 精品视频在线播放 |