Chongqing enterprises will invest 5.8 billion to Brazil for planting soybean

27 Aug

The international grain and oil price have been controlled by four international grain and oil companies such as ADM, Cargill, Bunge, and Louis Dreyfus. Now they will accept the challenge from Chongqing. The news from the foreign trade meeting of Chongqing city shown that the Urban Food Group, will invest 5.8 billion in Brazil, enclosure 300 million Chinese acres (equivalent to a permanent cultivated land area of Chongqing, 1 / 10), built a base of soybean cultivation. This will be the largest edible oil bases abroad of China. Mayor Huang Qifan, said the completion of the base will change the situation that the international grain and oil prices was controlled by other contries.

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