日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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: 五月天婷婷综合网 | 欧美视频在线看 | 91av免费| jizz国产| 日韩www.| 成年人黄色一级片 | 亚洲在线视频一区二区 | 超碰97自拍 | 精品日韩一区二区三区 | 中文字幕婷婷 | 啊v视频在线观看 | 黄色短视频在线播放 | 国产日韩在线播放 | 在线一级片| 国产成人网 | 婷婷色一区二区三区 | 三级视频网站 | 欧美人与性动交α欧美精品 | 四虎影视1304t | 免费久久视频 | 成年人晚上看的视频 | 国产成人精品在线播放 | 四虎私人影院 | 97超碰免费观看 | 成人亚洲天堂 | 九色影院 | 欧美一级免费大片 | 欧美wwwwww | 91精品福利 | 在线看黄色av| 日韩一二三四 | 欧美国产第一页 | 午夜影院操 | 欧美色淫 | 亚洲第一视频在线观看 | 国产视频一区二区在线观看 | 国产手机视频在线观看 | 久久久久久99 | 精品中文一区 | 国产免费一区二区三区四在线播放 | 国产3级在线观看 |