US agribusiness giant Archer Daniels Midland and Japanese grain company Marubeni have announced a joint agreement to seek new business development in specialty grains and oilseeds for the Japanese market.
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Under the terms of the agreement, ADM will be responsible for exporting specialty grains and oilseeds from US growers to Marubeni, who will then market the products in Japan.
“With the Japanese government’s implementation of the Food Hygiene Law & Feed Security Legislation, effective 1 July 2003, there has been a strong demand for products that meet the high standards of identity preservation as well as food and feed safety,” said Lew Batchelder, ADM senior vice president of grain and transportation.
“This will utilise the strength of ADM’s infrastructure to meet the strict standards of identity preservation required by consumers in Japan,” he added.
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By GlobalData
