Early estimates show improved harvests as better weather and state support help farmers increase production.
The investment will lift capacity, support regional jobs, and upgrade bakery operations.
The two industry groups aim to grow trade links, improve technology access, and support food production systems across key markets.
The deal will expand Beck’s processing and distribution capacity in a key soybean growth region.
New outlook points to lower grain and soybean imports as China leans more on local supply.