CHINA/USA: ADM to increase food processing capacity in China
US agribusiness giant Archer Daniels Midland has said it plans to increase its food processing capacity in China to meet the rise in demand for protein-based foods and vegetable oils. ADM first entered the food processing business in China five years ago and now the country accounts for a quarter of the company's global food processing capacity, reported the Financial Times. ADM now operates ten food plants in China, located near ports.
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