Global agribusiness COFCO International and COFCO Group’s China Sheng Mu Organic Dairy Co – the largest organic dairy company in China – have signed an agreement to supply deforestation and conversion-free soyabeans from Brazil to Sheng Mu in China.
Signed by the companies on 15 January, the memorandum of understanding (MoU) was for 12,000/year tonnes of soyabeans initially with a joint agreement to gradually increase the volume, COFCO International said.
The company said it would undertake third-party verification for the purpose of the supply.
The announcement followed the MoU for 50,000 tonnes signed by COFCO International and Mengniu Group in November, which was the first soyabean order in China with a clear “deforestation- and conversion-free (DCF)” clause.
That agreement was part of the Green Value Chain Taskforce’s pilot action initiated by the World Economic Forum’s Tropical Forest Alliance.
Active in global grains, oilseeds, sugar and cotton supply chains with assets in 37 countries across the Americas, Europe and Asia-Pacific, COFCO International is the overseas agriculture business platform for China’s largest food and agriculture company COFCO Corporation.
