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(yǔ)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: 黄色香蕉视频在线观看 | 国产视频一区二区在线 | 深爱激情综合网 | av国产免费| 日本成人中文字幕 | 色噜噜色偷偷 | 国产一区99 | 欧美日韩精品免费 | 超碰国产在线 | 手机在线成人 | 天堂网一区 | 一区二区三区四区在线播放 | 国产精品111 | 日韩欧美高清 | 亚洲高潮av| 国产福利在线 | 国产三级福利 | 日韩欧美大片在线观看 | av国产免费 | 欧美激情黑人 | 懂色av中文字幕 | 久久久久人| 午夜婷婷网 | 国产一区二区三区视频 | 男人天堂视频在线观看 | 日韩影视在线 | 亚洲国产精品18久久久久久 | 久久五十路| 男人天堂视频在线 | 中文字幕精品视频在线观看 | 亚洲精品九九 | 免费观看国产精品 | 人人干在线观看 | 亚洲一二三在线 | av美女在线观看 | 欧美日韩乱国产 | 色黄视频 | 欧美精品一二三 | 午夜视频在线观看一区 | 一级免费av | 在线观看污视频 |