The Argentinean government said on Friday [21 October 2016] that it would invest 1.21 billion U.S. dollars to expand the ports of the Greater Rosario region, which is the country’s main agricultural export base. The announcement was made by the chief of the cabinet of ministers Marcos Pena, Minister of Transport Guillermo Dietrich, and Miguel Lifschitz, governor of the province of Santa Fe, during the inauguration of new port installations for COFCO, China’s largest foodstuffs conglomerate…Full Article: Xinhua Oct 2016

Key Points

  • In October 2016, COFCO announced it would invest US$27 million to further develop its dock complex [former Noble Group] at the Port of Timbúes, Santa Fe Province [Greater Rosario]. This includes improving its grain processing and loading/unloading facilities.
  • Since 2015, Argentina’s Greater Rosario port complex (located north Rosario, Santa Fe Province) accounted for nearly 81% of the country’s grain and grain products exports. Approximately 26% of these exports were shipped to China.

ChinaAg Comments

  • In August 2016, COFCO announced it would buy out the remaining outstanding stake in Nidera BV from Cygne BV.
  • In April 2016, China’s Foresun Group agreed to purchase three beef abattoirs and a livestock confinement unit in Argentina from Brazil’s Margrif Global Foods. These included facilities in Argentine provinces of Santa Fe Province, Buenos Aires Province, and Córdoba Province.
  • In December 2015, COFCO announced it would buy out the remaining 49% of Noble Group’s Noble Agri division.
  • From 25 March to 1 April 2015, Chinese AQSIQ officials inspected honey production areas in Chaco province (northern Argentina) and in western Buenos Aires province.
  • In February 2015, Santa Fe’s Apache S.A. (central Argentina) signed cooperation agreement with Shandong Changlin to produce farm machinery products in China.
  • In late 2014, China purchased a medium-sized abattoir in Entre Ríos Province, Argentina. In May 2015, the plant exported its first meat shipment to China.
  • In April 2014, COFCO acquired a 51% stake (estimated at US$1.5 billion) in Noble Group’s Agribusiness Division (trades in grains, oilseeds, sugar, cocoa, cotton, and coffee).
  • In February 2014, COFCO purchased a 51% stake (estimated at US$1.2 billion) in Nidera, a Dutch grain trading company. As a result, COFCO will be able to source oilseeds, corn, soybeans, and edible oils directly from Brazil, Argentina, and Uruguay.
  • In August 2013, China permitted the importation of 60,000 metric tons of GMO Argentine corn. The corn was to be used for chicken and hog feed.
  • In 2012, Argentina’s Ministry of Agriculture and China’s State Administration of Grain (SAG) signed Memorandum of Understanding on Cooperation relating to grain.

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