Cargill at CIIE: Duty to support opening-up policy

A grain and oil processing plant for US agribusiness giant Cargill. [Photo provided to chinadaily.com.cn]

As a participant as well as a beneficiary of China's opening-up policy, US agribusiness giant Cargill has the responsibility to contribute to opening-up in return, said Liu Jun, China president of Cargill.

According to Liu, as soon as corporate registration opened for the China International Import Expo, Cargill booked its 108-square-meter exhibition space to showcase its latest products to Chinese consumers, including high-quality grain-fed beef, cocoa and chocolate, food ingredients, animal nutrition and edible oil.

"Agreements and contracts on grains, animal protein, iron ore and cotton will be signed during the CIIE, and each of the orders will be valued above $100 million, with the maximum reaching $500 million," said Liu.

In the past seven years, Cargill has doubled its investments in China, and the agricultural conglomerate will continue to expand its presence in the country, according to Liu.

The leadership of Cargill emphasized recently in September that investment into developing countries will grow further, and China is the most important among all developing countries, added Liu.