Cargill is trying to expand its feed processing capacity in China by developing production systems.
The company has reportedly bought soybean processing facilities in eastern China’s Shandong Province in recent weeks through bank auctions for approximately $ 62 million.
China is the largest consumer of soy in the world. Experts believe that the country will import more than 99 million tons of soybean by 2021.
However, estimates suggest that the company’s share of soybean processing in China is still much smaller than that of Chinese companies.
Cargill was founded in 1865 by William Wallace Cargill in Iowa, USA.