COFCO

China's top corn grower to expand acreage, cut soy

Beidahuang State Farm Group has started to plant soybeans on 13,000 hectares of farmland in Argentina, while COFCO says it is looking for opportunities to invest in Argentina and Brazil for grains production and in Australia for sugar production.

COFCO to expand overseas M&A

"Because of the nation's limited agricultural resources, we have to look overseas," Jiang Hua, a COFCO board member said. The company is trying to connect China's consumer market with overseas supplies of commodities such as sugar, wheat and soybeans.

Australia: Plantation shutters

Elders has begun a sale of all its forestry plantations totalling 50,000ha across the country. Much of the land purchased is expected to be planted with sugar cane, bananas or returned to beef grazing, and COFCO and Wilmar International have indicated their interest.

Foreign bid for slice of sugar

While foreign investment is nothing new in the Australian sugar industry, the rate at which foreign companies have been pouring money into the industry has caused some concern among canegrowers.

China sweet on rural assets

Corporate Chinese interest in Australian rural land assets is gaining momentum and there are several players on the hunt across a wide spectrum of ­sectors: sugarcane, cotton, wool, tomatoes and grapes for wine.