USEUROPEAFRICAASIA 中文双语Français
Home / Business

COFCO planning alliances to boost grain imports

By Zhong Nan | China Daily | Updated: 2015-11-04 07:55

State-owned firm to team up with shipping companies to help bolster food security

China National Cereals, Oils and Foodstuffs Corp, the country's largest food trader, is planning to import 3.5 million metric tons of grains every year through tie-ups with domestic shipping companies, in an effort to further bolster China's food security, a top official said.

Ning Gaoning, chairman of COFCO, said the company, which already has an established global network, will expand its alliance with China Shipping (Group) Co, to launch five new shipping services before the end of this year between China and South America. The new lines are expected to be used to transport more soybean, corn, beef and other agricultural products to China.

COFCO planning alliances to boost grain imports

Today's Top News

Editor's picks

Most Viewed

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