In an interview with China’s state-run newspaper, a key COFCO official said China will be able to replace U.S. soybean exports with alternative sources. That includes an increase in business with Brazil and Argentina. The senior COFCO official also said China can buy more soybean meal, sunflowers and sunflower meal, canola and canola meal and fish meal to fill its needs. COFCO is China’s largest food processor, manufacturer and trader and is a state-owned entity.
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