Chinese company has struck $5.2 bln in agricultural deals with traders such as Cargill and LDC
Chinese supply chain operator and developer Xiamen announced Thursday that it has signed contracts worth more than $5.2 billion with seven agribusinesses and trading houses, including Cargill and Shanghai-based Louis Dreyfus Company.
The signed contracts cover soybeans, corn, and cotton, among other commodities, according to statements the Xiamen-based company posted on its Chinese social media account.
According to one statement, Xiamen C&D’s deal with the American firm Cargill will include supplies to the Chinese company’s animal feed and food processing facilities.
It is unclear whether Cargill’s deal will include soybeans, a commodity under scrutiny after Washington announced that China would resume purchasing American soybeans as part of a trade truce reached last month.
In a statement released Wednesday, the Chinese company said the $2.5 billion deal with agricultural commodity trader Louis Dreyfus Company will help build a stable global agricultural supply chain.
Xiamen C&D’s other contracts were signed with the Swiss company Syngenta and the American company CHS, as well as Olam, BTG Pactual, and Cutrale.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
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