Archer Daniels Midland (NYSE:ADM) has teamed up with the China Agricultural University for a research program.
Archer Daniels Midland Makes China Research Move
Archer Daniels Midland (NYSE:ADM) has partnered with China Agricultural University to launch a research program to replace grain in cattle feed with crop residues.
The innovative research is expected to reduce the cost of livestock rations and improve food security for China.
Ismael Roig, Archer Daniels Midland (NYSE:ADM) vice president and president, Asia-Pacific, said that, “A growing and increasingly prosperous Chinese population is eating diets higher in animal protein, and driving higher demand for grain in the country. As a leading agricultural processor serving vital needs for food and energy, Archer Daniels Midland (NYSE:ADM) is keenly interested in helping China ensure food security for its citizens by making better use of the grain the world already grows today, and by finding high-value applications for biomass such as corn stover”.
Archer Daniels Midland (NYSE:ADM) shares were at 31.82 at the end of the last day’s trading. There’s been a 13.8% movement in the stock price over the past 3 months.