COFCO hungry to beef up its presence in global food trade

China National Cereals, Oils and Foodstuffs Corp, the country's biggest food trader by revenue, will accelerate its pace of building warehouses and logistics facilities in the world's major grain-producing regions this year, said a senior executive on Wednesday.

The State-owned group plans to build new warehouses and processing facilities in countries including Myanmar, Kazakhstan, Ukraine and Indonesia to enhance its ability to acquire global food resources.

COFCO has already purchased and built ports, logistics companies and storehouses in the world's main grain-producing areas such as Australia, South America and the Black Sea region.