Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / SOE

    Ensuring food security via win-win trade

    By ZHONG NAN in Shanghai | China Daily | Updated: 2020-11-16 09:04
    Share
    Share - WeChat
    Employees sort grain bags at a storage facility of COFCO Eastocean Oil and Grain Industries (Zhangjiagang) Co Ltd, a COFCO unit, in September. [Photo/CHINA DAILY]

    COFCO exploits import links with companies overseas, aids world's economic recovery

    COFCO Group, China's largest foodstuff producer and grain trader by sales revenue, signed purchase deals worth over $10 billion with global partners during the third China International Import Expo held in Shanghai earlier this month.

    The deals will allow COFCO to import farm produce such as grain, sugar, wine and edible oil.

    As it has been meeting surging domestic demand for various foodstuffs, the centrally administered State-owned enterprise has seen the value of its purchases surge by 20 percent on a yearly basis from the last CIIE.

    The Beijing-headquartered group was formed by the amalgamation of various subsidiaries that used to trade in oil, oilseeds, sugar, wine and spirits. Its shopping list includes common farm commodities like wheat, corn, sugar, cotton, and wine.

    A three-time participant of the CIIE, COFCO bought such commodities as well as nuts, aquatic products and other non-staple foods, in large quantities over the past two expos.

    The majority of these products will come from countries participating in the Belt and Road Initiative.

    The imports have been consolidating COFCO's business links with key grain and food producing regions, and will continue to stimulate more trade flows between China and other BRI economies, said Lyu Jun, COFCO's chairman.

    In terms of imports of traditional agricultural products, COFCO has expanded its sources of oil products like rapeseed, sunflower and palm oil. It now imports from countries like Brazil, Argentina, Uruguay, Russia, Ukraine, Indonesia and Malaysia.

    There has been a substantial increase in COFCO's imports of corn, sorghum, barley, wheat and other traditional grain from France, Kazakhstan, Russia, Ukraine, Cambodia and Laos, Lyu said.

    COFCO also purchases corn that is used as high-quality raw material to produce snacks like popcorn for sales at cinemas.

    China's main importer of sugar and cotton, COFCO relies on its deep knowledge of the world's major production areas. It signed a contract to import more raw sugar from Brazil recently.

    "Rising incomes and accelerating urbanization in China are driving demand for more diversified and convenient diets. Higher incomes have also increased the consumption of meat proteins and vegetable oils. COFCO sees Chinese consumers' daily intake of calories, especially proteins, increasing in the future. Packaged food and beverage companies are likely to reap robust returns from China."

    Lyu said food consumption is a reflection of economic success. Food consumption is rising. The types of foods people eat are diversifying; foods are becoming more sophisticated and they need to be more convenient, so the whole business has dramatically transformed in China, he said.

    1 2 Next   >>|
    Top
    BACK TO THE TOP
    English
    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
    CLOSE
     
    亚洲爆乳无码精品AAA片蜜桃 | 日韩精品久久无码人妻中文字幕| 中文字幕免费不卡二区| 中文字幕乱码无码人妻系列蜜桃| 无码aⅴ精品一区二区三区浪潮| 最近中文字幕mv免费高清视频8| 直接看的成人无码视频网站| 丰满日韩放荡少妇无码视频| 无码人妻少妇久久中文字幕| 亚洲大尺度无码无码专区| 97性无码区免费| 波多野结衣中文字幕免费视频| 国产品无码一区二区三区在线蜜桃 | 娇小性色xxxxx中文| AV无码久久久久不卡蜜桃| 国产中文欧美日韩在线| 亚洲精品无码专区2| 国精品无码A区一区二区| 中文字幕日本高清| 中文人妻无码一区二区三区| 亚洲成?v人片天堂网无码| 精品无码久久久久久久久久| 日韩人妻无码一区二区三区久久| 亚洲AV无码日韩AV无码导航 | 免费人妻无码不卡中文字幕系| 无码AV大香线蕉| 亚洲AV无码一区二区三区性色 | 精品人妻大屁股白浆无码 | 中文字幕免费在线| 日本精品久久久中文字幕| 婷婷综合久久中文字幕蜜桃三电影 | 国产成人无码av| 亚洲人成网亚洲欧洲无码久久| 免费无码国产欧美久久18| 无码国产精品一区二区免费式直播| 中文字幕久久精品| 亚洲精品无码专区2| 亚洲色偷拍区另类无码专区| 亚洲最大av无码网址| √天堂中文www官网| 亚洲av午夜国产精品无码中文字 |