Overcapacity hurts food processing innovation

It is time to do something to prevent a quagmire, says Cargill China official

Overcapacity in agricultural processing has slowed the industry's development, hurting investments, R&D, innovation and earnings, according to an industry leader.

Robert Aspell, president of Cargill China, said massive investments have been made in recent times, mostly by Chinese companies, in the food-processing segment.