China’s Xiamen C&D Strikes $5.2 Billion in Global Agricultural Supply Deals
Agreements with Cargill and Louis Dreyfus highlight Beijing’s push for food security and diversified sourcing
Chinese supply-chain operator and property developer Xiamen C&D Co. announced Thursday it has signed more than $5.2 billion in contracts with seven major agribusinesses and global trading houses, including Cargill and Louis Dreyfus Company, during a signing ceremony in Shanghai.
According to Reuters, the agreements span soybeans, corn, and cotton, commodities central to China’s livestock and textile industries. The Xiamen-based firm said its deal with U.S. agribusiness giant Cargill will supply feed and food-processing operations, though it remains unclear whether the contract includes soybeans — a closely watched item following Washington’s announcement that China would resume U.S. soybean purchasesunder last month’s trade truce.
A separate $2.5 billion deal with Louis Dreyfus Company aims to establish a “stable global agricultural supply network,” according to Xiamen C&D’s statement on Wednesday.
Additional contracts were inked with Syngenta (Switzerland), CHS Inc. (United States), Olam Group (Singapore), BTG Pactual, and Cutrale (both Brazil), reflecting China’s broader effort to diversify import channels amid geopolitical and supply-chain tensions.
