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COFCO's investment in Brazil exceeds 2.3 bln USD

Updated: April 13, 2023 Source: Xinhua News Agency
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BEIJING, April 12 (Xinhua) -- China's leading agricultural and food company COFCO Corporation has invested over 2.3 billion U.S. dollars in Brazil since 2014, according to data released by the company.

COFCO Corporation has become one of Brazil's major exporters and processors of corn, soybeans and raw sugar.

In 2022, the company sold 33 million tonnes of agricultural products in Brazil and recorded a sales revenue of 5.4 billion U.S. dollars.

For the past three years, COFCO Corporation has imported 34 million tonnes of agricultural products from Brazil, with a total import value of 19 billion U.S. dollars.

Importing high-quality Brazilian agricultural products to China not only solves the issue of agricultural product sales for Brazilian farmers, but also meets China's domestic demand for agricultural products, thus achieving mutual benefits and win-win results, according to the company.

Editor: Gao Jingyan