China's COFCO to Buy $100 Million Pork from Danish Crown by 2020
China's state-owned agriculture conglomerate COFCO said on Wednesday it had agreed to buy $100 million of pork from European pork producer Danish Crown in 2020 to help ease a domestic pork shortage following a widespread pig disease.
The two companies signed a preliminary purchase agreement on the sidelines of the China International Import Expo in Shanghai.
COFCO said in a statement the deal would help it to diversify the origins of its imports and product variety, and make purchases more sustainable.
Lars Albertsen, sales director at Danish Crown, said no volumes had been agreed yet, but he said the sale was...
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