COFCO aims to rival global grain giants

Acquisitions to ensure food security, create world leader in supply chains and transport

State-owned China National Cereals, Oils and Foodstuffs Corp has set a target of sourcing up to 50 million metric tons of grain from overseas markets by 2020 to further ensure China's grain security, its Chairman Zhao Shuanglian said on Tuesday.

These international markets include South America, Australia and Europe, he said.