Soybean

The refinery, with a daily crushing capacity of 500 metric tonnes (MT) plans to purchase up soya beans from local producers.

While the GM soybean can now be imported, processed, and used in food and feed products across the EU, its cultivation remains prohibited

By reducing its reliance on traditional suppliers such as Brazil, Argentina, Russia, and Uruguay, China aims to secure more stable and diverse feed protein sources

The partnership comes as Olam Agri establishes a new 350,000 metric tonne soybean processing facility in Kwara State

The move is part of Cargill’s broader investment strategy in Brazil, where it has invested R$8.1 billion (US$1.5 billion) over the past five years