{"id":3049,"date":"2014-03-20T13:37:22","date_gmt":"2014-03-20T13:37:22","guid":{"rendered":"https:\/\/grains.org\/ltamex\/china-looks-to-shore-up-food-security-meet-growing-demands\/"},"modified":"2014-03-20T13:37:22","modified_gmt":"2014-03-20T13:37:22","slug":"china-looks-to-shore-up-food-security-meet-growing-demands","status":"publish","type":"post","link":"https:\/\/grains.org\/ltamex\/china-looks-to-shore-up-food-security-meet-growing-demands\/","title":{"rendered":"China Looks to Shore-up Food Security, Meet Growing Demands"},"content":{"rendered":"<p>The dynamic of trade is changing in China as the country looks toward expanding sources of grain to supply chain, food security and meet a growing demand for high-protein products for its rapidly expanding middle class.<\/p>\n<p>In late February, COFCO Corporation, the largest food company in China, agreed to buy a 51 percent stake of Nidera BV \u2013 a Dutch grain trading company \u2013 to expand sourcing of&nbsp;food supplies to China. Now, according to Reuters, state-backed COFCO is reportedly in talks to buy into Noble Group&#8217;s agribusiness arm, helping China to develop a powerful agricultural trading house.<\/p>\n<p>Nidera has operating platforms for procuring grain in Brazil, Argentina and central Europe as well as a global trading network, according to a news release from COFCO. In addition to grain, Nidera also trades oilseeds, vegetable oils, meal and bio-energy products.<\/p>\n<p>Diversification is coming from other quarters as well. Last year, Japan&#8217;s Marubeni Corporation purchased U.S. grains merchant Gavilon, which means that China&#8217;s top foreign supplier of imported grain is now a U.S. subsidiary of a Japanese company.<\/p>\n<p>&#8220;Like other countries, notably Japan, China is investing in foreign companies to protect their grain interests,&#8221; says Alvaro Cordero, USGC manager of global trade. &#8220;China is looking to jump into the global consolidation game and create a company similar to the large U.S., European and Japanese trading firms.&#8221;<\/p>\n<p>According to the <a href=\"http:\/\/www.usgcannualreport.org\/\" target=\"_self\">U.S. Grains Council&#8217;s 2013 Annual Report<\/a>, China was the largest importer of U.S. distiller&#8217;s dried grains with solubles (DDGS) with 2.8 million metric tons and third largest importer of U.S. corn with 2.4 million tons (94 million bushels) for the 2012\/2013 marketing year that ran Sept. 1, 2012 to Aug. 30, 2013. Forecasts show, even with this latest development, China will continue to import large amounts of U.S. grain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The dynamic of trade is changing in China as the country looks toward expanding sources of grain to supply chain, food security and meet a growing demand for high-protein products for its rapidly expanding middle class. In late February, COFCO Corporation, the largest food company in China, agreed to buy a 51 percent stake of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/grains.org\/ltamex\/china-looks-to-shore-up-food-security-meet-growing-demands\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;China Looks to Shore-up Food Security, Meet Growing Demands&#8221;<\/span><\/a><\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[],"tags":[],"commodity":[12],"country":[18],"region":[],"topic":[66],"class_list":["post-3049","post","type-post","status-publish","format-standard","hentry","commodity-corn","country-china","topic-innovation-and-sustainability"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>China Looks to Shore-up Food Security, Meet Growing Demands - Am\u00e9rica Latina<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/grains.org\/ltamex\/china-looks-to-shore-up-food-security-meet-growing-demands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Looks to Shore-up Food Security, Meet Growing Demands - Am\u00e9rica Latina\" \/>\n<meta property=\"og:description\" content=\"The dynamic of trade is changing in China as the country looks toward expanding sources of grain to supply chain, food security and meet a growing demand for high-protein products for its rapidly expanding middle class. 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