China's COFCO International adds another $600 million in climate-linked loans

China Foods

24/06/2026 21:00

    PARIS, June 24 (Reuters) - Chinese crop trader COFCO International has agreed loans for a total of $600 million with two Chinese banks that will be tied to targets to curb the emissions of Brazilian soybeans and corn, it said on Wednesday.
The company, one of the world's biggest agricultural traders, secured a $400 million facility with Industrial and Commercial Bank of China 601398.SS and a $200 million facility with Bank of China (Hong Kong).
COFCO International, the overseas trading arm of Chinese food group COFCO Corp, has previously taken out loans based on sustainable targets.
A $600 million facility with Singapore-based multinational bank OCBC from December 2024 remains in place.
A $435 million loan with Standard Chartered STAN.L was agreed in March this year.
Many international traders have been involved in initiatives to limit deforestation in Brazil's massive agricultural sector.

 (Reporting by Gus Trompiz; editing by Barbara Lewis)
 ((gus.trompiz@thomsonreuters.com))