BEIJING, Nov 6 (Reuters) - Chinese supply chain operator
and property developer Xiamen C&D said on Thursday
it had signed contracts totalling over $5.2 billion with seven
agribusinesses and trading houses including Cargill and Louis
Dreyfus Company in Shanghai.
The contracts signed covered soybeans, corn and cotton among
other goods, the Xiamen-based company said in statements
released on its Chinese social media account.
Xiamen C&D's deal with Cargill, a U.S. firm, would supply
the Chinese company's animal feed and food processing
businesses, according to one of the statements.
It was not immediately clear if the Cargill deal touches on
soybeans, a highly watched commodity after Washington said China
would resume purchases of U.S. soybeans as part of a trade truce
reached last month.
The Chinese firm's $2.5 billion deal with agricultural
commodity merchant Louis Dreyfus Company would help establish a
stable global agricultural supply network, it said in a
statement published on Wednesday.
Xiamen C&D's other contracts were signed with Swiss-based
Syngenta and U.S.-based CHS, as well as Olam
, BTG Pactual and Cutrale.