Chinese study to expand investment in sugar plants in Brazil

Minister Tereza Cristina (Agriculture, Livestock, and Supply) met with the president of Cofco, Jun Lyu, this Tuesday (10/22) in Beijing. At the meeting, the Chinese executive said the group, China’s largest food processor, plans to expand investments in four sugar plants in Brazil.

It was also agreed to set up a working group to discuss a policy on sugar and ethanol trade between the two countries.

In China, Minister Tereza Cristina noted that Brazil is able to supply more and more quality agricultural products to the Chinese market, including corn, sorghum, sesame, and peanuts.

According to the minister, Brazil wants to diversify sales to China. During her visit to the Asian country, Tereza Cristina negotiates the expansion of the exportation agenda, including cottonseed, concentrated soy protein, poultry genetic material, melon, grapes, and pork.

Another issue discussed was infrastructure. Tereza Cristina proposed that the Chinese also invest in logistics projects in Brazil, such as railways and ports, the main bottleneck for the flow of domestic agricultural production.

Jun Lyu stressed the importance of Brazilian agriculture to the world and confirmed that he will be in Brazil in November, together with the Chinese president’s entourage, Xi Jinping, for the BRICS Summit.

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