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Regions

North Asia

Strong Despite Challenges

Despite ongoing trade tensions and Covid-19 impacts, the Region delivered a robust performance in 2021, while continuing to integrate downstream, form key partnerships and make strategic investments.

Grains & Oilseeds Success

The Grains & Oilseeds Platform had a successful 2021, seizing trading opportunities and delivering strong results despite low livestock prices and crush margins. Oilseeds delivered an 22.6% domestic sales volume increase year on year, while grain imports increased by almost 58% compared to 2020.

Environmental Protection

We teamed up with China Environmental Protection Foundation to launch a three-year Sprint for Soil project to establish technical standards and rules for black soil protection in Northeast China, and train 6,000 regional farmers to adopt and implement these. The project ultimately aims to protect over 33,000 acres of black soils in the region.

Jerrity Chen
Head of North Asia

China being one of the world’s largest consumer markets, LDC continued its strategic trajectory to move downstream through partnerships and investments in the country.

More Regional Highlights

Signed several cooperation agreements with Chinese partners for grains, oilseeds, cotton, coffee and sugar imports and packaged oil sales, as well as a memorandum of understanding for further cooperation on financing with the Industrial and Commercial Bank of China.

Green coffee  sales volumes grew steadily by 15.5% year on year, and one of our joint ventures is now a top three coffee merchant in the country, in terms of volumes and spot sales network.

With restored demand after Covid-19 shutdowns, cotton imports continued to generate good results and LDC maintained a leading market share.

LDC launched new products under its B2C Mastergold brand, covering nine types of cooking oils, to meet growing demand for refined, diverse and nutritious cooking oils in the country. The brand also launched its first e-store on JD.com, one of China’s online retail giants, to distribute cooking oils to Chinese consumers.

Our Tianjin oilseeds crushing plant introduced a new refining line for non-GMO sunflower, soybean and corn cooking oils.

Our grains warehouse in Jinzhou completed its expansion in December 2021, increasing storage capacity by 28.6% to 270,000 tons.

We started operating our new aquatic feed mill joint venture with HAID in Tianjin, to produce high-end aquatic feeds, including prawn feeds and fermented soybean meal.

We continued to strengthen our soybean crushing capacity through ongoing collaboration with trusted local partners, and broke ground on the construction of an additional oilseeds crushing plant near LDC’s existing facility in Zhangjiagang, China.

To protect the environment, we invested approximately US$950,000 in facilities to reduce volatile organic compounds at our Zhangjiagang oilseeds crushing plant.

192,000 MT

annual production capacity at our Tianjin aquatic feed mill

↑11%

increase in raw sugar imports

↑22.6%

year-on-year increase in oilseeds domestic sales volume

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