Sojitz Plans to Start Producing Soybeans in Argentina
This article is for subscribers only.
Sojitz Corp., a Japanese trading company, will start producing soybeans and other crops in Argentina for export to Asia to take advantage of rising demand, it said in a statement.
The company has set up a venture to produce 30,000 metric tons of staples, according to the website statement. Sojitz plans to increase production to as much as 1 million tons of soybeans, corn and wheat by 2017 with sales of about 1.5 billion yen ($18 million), Kuniyuki Wada, deputy director of Sojitz’s agribusiness department, told reporters today in Tokyo.