Cargill signs deals worth US$2.4 billion

US-based Cargill, a leader in the global food and agriculture industry, is showcasing an array of innovative products at the China International Import Expo 2018, during which it is expected to sign agreements worth over US$2.4 billion for products including beef, grain, cotton and iron ore.

Robert Aspell, president of Cargill Asia Pacific, said the first import expo was a good demonstration of China's support of growing world trade and its intent to further reform.  

"The CIIE provides a great platform where governments, institutions, enterprises and even consumers can connect and communicate," he said. "With the participation of all, we can build a better future together.”

Over the past 40 years, Cargill has provided training for more than 3.5 million Chinese farmers in good agricultural practices and sustainable agriculture. 

Cargill will continue to make contributions as China endeavors to rejuvenate the countryside and drive farmer prosperity. The company has also confirmed its attendance at next year's CIIE.

"China has always been a key strategic market for Cargill. We have continued to invest in the country since we started this business in the early 1970s, and our investment has doubled over the past seven years," said Jerry Liu, president of Cargill China.

"CIIE is a great opportunity for us to connect with the industry and better understand the market as we look to continue increasing investments in China and partners here to provide safe, nutritious and sustainable food to consumers," Liu said.

Products exhibited at Cargill's booth include beef, food ingredients, micronutrient products for animal nutrition, as well as natural ingredients for skin care products. 

The beef, under Cargill's e-commence brand Sun Valley and imported from Canada, is not only of high quality, but also compliant with high food safety standards. Visitors to the booth can taste the beef on-site, prepared by chefs from the Cargill innovation center in Shanghai.