Chinese food trading and processing group COFCO International has expanded in Brazil, notably in grain and sugar production, becoming last year the fourth-biggest exporter of grain in the country, Reuters reports.
The news agency quotes COFCO International Coffee Division Global Head Joseph Reiner, whose office is in Brazil, as saying: “Growth has to be sustainable, considering resources and results.”
The report says COFCO International is expected to become the sixth-biggest company in the sugar market in Brazil.
The company has considered buying sugar mills in Brazil, Reuters quotes COFCO International Global Sugar President Marcelo de Andrade as saying.
The parent company of COFCO International is state-owned China National Cereals, Oils and Foodstuffs Corp., or COFCO Group.