Owned by the China Rilin Construction Group, the Dandong Port has consistently grown 30% annually for the last three years. In 2011, its capabilities as a vital gateway were confirmed by the 100,000 metric tons of soybeans that China imported from Perdue Agribusiness in Chesapeake, Virginia. Perdue Agribusiness is a subsidiary of United States’ third largest poultry producer, Perdue Farms Incorporated.
The demand for soybeans is quite high in China due to the need for animal feed and vegetable oil. In the first six months of the year 2011 alone, China imported $4.7 billion worth of soybeans from the United States. The imported soybeans were processed by the Dandong Pasite Grain and Oilseed Corporation, a partner of China Rilin Construction Group.
The demand for soybeans may grow again this year but the Dandong Port stands ready. In fact, it plans to increase its port throughput capacity to 150 million metric tons within the next five years.
The demand for soybeans is quite high in China due to the need for animal feed and vegetable oil. In the first six months of the year 2011 alone, China imported $4.7 billion worth of soybeans from the United States. The imported soybeans were processed by the Dandong Pasite Grain and Oilseed Corporation, a partner of China Rilin Construction Group.
The demand for soybeans may grow again this year but the Dandong Port stands ready. In fact, it plans to increase its port throughput capacity to 150 million metric tons within the next five years.