CHICAGO--(BUSINESS WIRE)--Archer Daniels Midland Company (NYSE: ADM) released the following statement:
Archer Daniels Midland Company (ADM) and COFCO Group are proud to have participated in a signing ceremony witnessed by U.S. President Donald Trump, and President of the People's Republic of China, Xi Jinping, on Thursday, Nov. 9, in Beijing, China.
This memorandum of understanding, signed by ADM and COFCO Group for the export of U.S. soybeans into China, is a strong example of our countries’ increasingly productive and mutually beneficial trade relationship. The U.S. and China are the world’s two largest producers and consumers of food, and together, both countries play a key role in helping to achieve food security not only for their respective populations, but for the globe.
ADM and COFCO are pleased to continue advancing agriculture as a basis for ongoing cooperation and collaboration between our two countries, and creating a foundation for a stronger overall bilateral relationship in the years ahead.
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we’re one of the world’s largest agricultural processors and food ingredient providers, with approximately 32,000 employees serving customers in more than 160 countries. With a global value chain that includes approximately 500 crop procurement locations, 250 ingredient manufacturing facilities, 38 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses. Learn more at www.adm.com.