Yu Xubo, president of Beijing-based CFCO headquarters, believes the company will be one of the world's biggest retailers in 2020. Not only will you have enough fortune and assets to generate so much revenue to compete with the ABCD dealers (ADM, Bunge, Cargill and Dreyfus). Then the company's assets and business model, as well as profits will be at world level.
The National Conglomerate of China National Cereals and Oils and Foodstuffs Corp. began construction of COFCO International Ltd (CIL) in 2014 and commenced trading in April 2017. Port facilities of the company are also located in Brazil, Romania. Sugar refineries exist in Brazil and grain silos around the world. Last year, COFCO was already the second largest grain exporter from Argentina, one of the most important food exporters in the world.
The COFCO Group also owns hotels and real estate in China's leading beverage and food industries. Sales in the first nine months of 2017 come to $ 53 billion.
Text: HANSA Derivatives Trading GmbH /
