Just as our Sec. of Ag departed on his trip to China, Bunge announced their plans to grow into the country. Looks like trade will be picking up with this huge new market area.

Bunge Agrees to Purchase Soybean Processing Plant in China

WHITE PLAINS, N.Y., — Bunge Limited (NYSE:BG) today announced that it has agreed to purchase a controlling interest in an integrated soybean crushing and refining plant in the port city of Rizhao, Shandong Province, China, from Sanwei Group Ltd. The plant, Bunge’s first in the country, will link Bunge directly to customers in the expanding soybean meal and oil markets in the Shandong region. Sanwei will retain a minority interest in the newly created joint venture company.

For more information contact Stewart Lindsay.