June 28, 2011

Largest soybean processing plant in Vietnam opened

Agricultural processor Bunge Ltd has started production in the largest soybean crushing plant in Vietnam, the US$100 million (€69.862 million) plant built by Bunge Ltd is designed to produce one million tons of soybean a year or more than 3000 tons daily to turn out 600 tons of crude degummed soybean oil and 2,500  tons of soymeal.

"The plant will reduce the financial pressure with exchange rate for Vietnamese buyers, cut the ratio of cargo loss during transportation while the quality of the freshly produced soymeal is higher at delivery," a soymeal trader in Ho Chi Minh City said.  The trader also said that supply from "Bunge Vietnam would also help save time for importers, instead of waiting for a longer shipment time from India or South American nations such as Argentina". Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers

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