Food giant sees top global role by 2020

State-owned China National Cereals, Oils and Foodstuffs Corp, also known as COFCO, has set a goal of becoming the largest food trader in the world by 2020 to rival global giants, according to its top executive.

"We aim to become the largest international food trader by 2020, not only in assets we own and revenues we make, but also in the quality of our assets, business operation, and return on investment," said Yu Xubo, president of COFCO.

"Currently, our assets are the largest among all food traders in the world, and we rank second in terms of revenue and business scale," he said.