国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Companies

COFCO hungry to beef up its presence in global food trade

By Zhong Nan and Ren Xiaojin | China Daily | Updated: 2017-07-20 07:59
Share
Share - WeChat

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.

Wan Zaotian, COFCO's vice-president, said China has become the world's largest market for food trade. Supported by the Belt and Road Initiative, food trade between China and its partners is expected to grow rapidly. It is critical for the group to build efficient global supply and logistics networks.

"The food industry has gained a growing influence in the country's economy in the past six years. It plays an important role in boosting domestic consumption and accelerating supply-side structural reform," said Wan.

COFCO's revenue amounted to 216.12 billion yuan ($32 billion) in the first half of 2017, up 7 percent year-on-year. Its net profit in the same period also reached 5.51 billion yuan, surging 112 percent from the same period a year earlier.

"Countries and regions involved in the Belt and Road Initiative and China are strongly complementary in agriculture," said Ding Lixin, a researcher at the Chinese Academy of Agricultural Sciences in Beijing.

All of the companies that dominate global grain trading-ADM Co, Bunge Ltd and Cargill Inc from the United States, and Netherlands-based Louis Dreyfus SAS-serve as intermediaries between farmers and buyers. They are proficient in operating bulk ship services or even own a fleet to control the whole industrial chain.

In this regard, COFCO has signed a long-term cooperative agreement with China COSCO Shipping Corp Ltd to safeguard its grain shipping operations worldwide.

COFCO began to import beef from the United States at the end of last month and has so far purchased 2,200 metric tons from Kazakhstan through a freight train service launched in March.

Top
BACK TO THE TOP
English
Copyright 1994 - . 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
 
安平县| 明光市| 图木舒克市| 上犹县| 临邑县| 土默特左旗| 准格尔旗| 班玛县| 新丰县| 兴国县| 离岛区| 新密市| 车险| 新化县| 广灵县| 铜川市| 蓬莱市| 洛浦县| 许昌市| 全南县| 陆良县| 桐庐县| 米脂县| 阜宁县| 当雄县| 内丘县| 新蔡县| 贡嘎县| 延吉市| 神农架林区| 阿克| 集贤县| 蓝田县| 秦皇岛市| 明光市| 周宁县| 上饶市| 十堰市| 郧西县| 湘潭市| 青川县|