Itochu, Bunge to build the world's largest food export base

Absrtact: Although the Chinese government has just passed the new production capacity of 100 billion kilograms of food planning, but in the surrounding markets, cross-border grain movements, still make the shadow of the global food crisis difficult to eliminate.　　Comics: Chen Ting Although the Chinese government has just passed 100 billion pounds of new food production planning, in the surrounding markets, cross-border grain movement frequently, still make the shadow of the global food crisis hard to eliminate. Japan's pill-red group is seeking to become a big food giant like Cargill, according to Japanese media reports. Over the past two years, pill red in the global food procurement volume increased by more than 40%, and planned in 2010 to purchase up to 20 million tons.　　And the world's largest grain Cargill annual purchase volume of about 30 million tons.　　Meanwhile, another Japanese trade giant, ——— Itochu, plans to build the world's largest food export base on the west coast of the United States, with grain Bunge and South Korea's shipping company, which is expected to be operational in the autumn of 2011, with an annual capacity of about 8 million tonnes. While Japan says the moves are intended to protect food security in the country. But in April this year, the company signed a package of cooperation agreements with COFCO to help Cofco buy food products such as soybeans overseas and to build storage facilities in food-producing countries.　　Clearly, Japan's grain ambitions lie in the global food market, including China.　　The Japanese media reported that Japan's food security Japanese agriculture officials say Japan is considering a national bank to provide loans to domestic companies to buy or lease overseas farmland, and the government may also use overseas aid funds to improve infrastructure in developing countries such as storage and ports, in an effort to ensure "national food security". In addition, the Government of Japan plans to invest in agricultural development in Latin America, Central Asia and Eastern Europe to ensure the supply of corn, soybeans and wheat. Brazil, Argentina, Paraguay, Kazakhstan, Ukraine, Romania and Hungary are all potential investment targets. The Japanese government is planning to determine the details of its overseas reclamation strategy in August.　　Pill Red Group, through its Colombian seed company, bought food storage equipment in the United States to increase the purchase of food from local farmers. Japanese officials say Japan's food imports are huge and there is not enough farmland to meet domestic demand.　　In recent years there has been a growing demand for food in the United States (for biofuels), and Japan is therefore considering changing its over-reliance on the US food market. Data show that nearly 60% of Japan's food imports, is the world's largest food importer. Last year alone purchased 16.5 million tonnes of corn, 99% of which came from the United States.　　Japan is also the world's second-largest importer of soybeans after China. Japanese grain in the Chinese market but domestic industry analysts believe that "Japan's trade giants in the world's food sector gongchenglvede, is trying to be in the food crisis in the context of a sustained, to get the right to speak." "A strong evidence is that the Japanese pill Red Group has just signed a package of cooperation agreement with COFCO in April 2009: Pill-Red will help the Chinese grain store buy soybeans and other foods overseasProducts, both sides will also build storage facilities in the food-producing countries.　　Pill-Red plans to sell 4 million to 5 million tonnes of grain to China by March 2010. The company said it would eventually sell more than 4 million to 5 million tonnes of planned sales, benefiting from its partnership with COFCO.　　It is understood that pill red and Chinese business transactions since the beginning of 2009 has been warming up momentum.　　Since 2009, several international companies, including Cargill Investment (China) Limited and Bunge, have cooperated with COFCO to update their soybean reserves with 500,000 tonnes of imported soybeans. Liu, general manager of Cofco Oil and Fats Co., said that cooperation with the company could also lead to the export of soybeans to Japan from grain storage. China has been exporting non-GMO soybeans and soybean meal to Japan, and the quality can meet the requirements of tofu production.　　China needs to import more than 30 million tonnes of soybeans into the U.S. and South American countries every year. It is reported that pill Red will first from the United States, South America to purchase soybean supply in the grain storage, cooperation in the first year of procurement estimates of 4 million tons, equivalent to Japan's annual import volume. The two sides will jointly build warehousing logistics facilities in the food production and port.　　The two sides will also set up joint venture companies in China to engage in food sales, build domestic logistics network.　　According to industry analysts, pill-red can expand its sales channels in the Chinese market of 10 times times the consumption power in Japan through cooperative relations, and the expansion of its procurement scale can increase the bargaining power of grain producing countries.　　According to official figures, China's grain reserves are now 150 million-200 million tonnes.　　100 billion kg, China faces increasing production pressure the State Council Development Research Center Guoqiang earlier this month said China's food production could enter a new wave cycle and that the task of ensuring food supplies could be even more daunting in the future. To ensure food security in China, April 8, the State Council passed the national new 100 billion kg grain production capacity Planning (2009-2020), to 2020, China's grain production capacity reached more than 1.1 trillion kg, more than the existing capacity to increase 100 billion kg.　　It is understood that the central government will support the production of large area 2600个万 MU model construction. Some analysts believe that China's food consumption, is moving to a full range of consumption, only by the increase in production capacity of 100 billion kg, and huge soybean and corn imports to ensure that consumption is far from enough.　　The need for large enterprises and even at the national level, with a global perspective, to seek more channels of settlement. "The pace of China's grain giants should also be accelerated in the face of the ABCD four Giants ' coveted market and the positive behaviour of the Japanese grain giants." ”