COFCO signs certified sustainable soybeans trade deal with Brazil
COFCO International, the overseas agriculture arm of Beijing, China-based COFCO Corp., was signed Feb. 2 at the company’s Santos, Brazil, export terminal. 1.5 million tones of certified sustainable soybeans from Brazil to China. Look at this recent article from World Grain....
COFCO International, the overseas agriculture arm of Beijing, China-based COFCO Corp., was signed Feb. 2 at the company’s Santos, Brazil, export terminal.
COFCO International has entered a strategic framework agreement with Mengniu Group subsidiaries Modern Farming and China Shengmu Organic Milk to supply 1.5 million tones of certified sustainable soybeans from Brazil to China.
The soybeans will be third-party verified as deforestation- and conversion-free (DCF) since Dec. 31, 2020. On-farm audits will ensure sustainable water management, biodiversity conservation and ethical labor standards in compliance with the COFCO International Responsible Agriculture Standard.
Mengniu, one of the world’s largest milk producers, together with Shengmu, intends to receive these soybean volumes from COFCO International under mass balance chain of custody between 2025 and 2030.
Mengniu Group and its subsidiaries manufacture and distribute dairy products in China with Mengniu as its core brand.
“This agreement reflects China’s growing demand for sustainable commodities, benefiting Brazil’s agricultural sector and its farmers,” said Luiz Noto, chief executive officer of COFCO International Brazil.
“Brazil has made great strides in sustainability, and agreements like this reinforce those efforts while creating new opportunities for producers.”.....See more from World Grain here...
In sum up, COFCO signs soybean trade deal, 1.5 million tones of certified sustainable soybeans from Brazil to China. Sustainability is the key word in the COFCO’s report ”Cultivating a Better Future.”
At this moment, COFCO signs sustainable soybean trade deal is the prove that that COFCO put its words into actions, to ensure people and food safe while keeping agricultural supply chains moving, the company’s efforts to achieve fully traceable soy supply chains in Brazil.
