What is the future of Cargill in China?
With increasing incomes, purchasing power, and health and safety consciousness among the Chinese, besides the rapid rate of urbanization and other positive factors, we believe that the food ingredient industry in the country will enjoy long-term growth. The Chinese food ingredient market generated more than $4 billion in 2005, and the annual growth rate has always been more than 10 percent for a long time. Some Chinese domestic companies hold the rights to some leading technologies for fermentation and the production of xanthan, arachidonic acid, MSG, and so on. By merging with them or acquiring them, Cargill plans to consolidate its market position and increase its economies of scale for production in China in the near future. Cargill China also aims to promote sustainable agriculture and food supply in the country. We strive to improve the efficiency of our production and add value to processing, distribution, and the trade of food and agriculture products in China. To achieve this,
