China is putting into operation three large pig farms in Argentina, the amount of initial investments in three enterprises amounted to about $ 130 million.
The projects were implemented on the basis of a bilateral agreement between the government of Argentina and the top management of the Sino-Argentinean company Feng Tian Food (FTF). Local producers of animal feed will become its strategic partners. Each of the three FTF mega-farms will need 32,300 tonnes of soybeans and 87,400 tonnes of corn per year. FTF plans to develop direct contacts with Chinese investors, and the local government expects huge economic benefits from interaction with China. The structure of each complex includes five farms, export refrigerated warehouses, biogenerators for energy and food processing plants.
Source: soyanews.info.
