PepsiCo to Partner with China’s Ministry of Agriculture to Promote Sustainable Farming

PepsiCo, Inc. (NYSE: PEP) today announced that it has signed a Memorandum of Understanding with the Ministry of Agriculture of the People’s Republic of China to promote sustainable agriculture projects and accelerate the development of the Chinese countryside. As part of the joint initiative, PepsiCo and the Ministry of Agriculture will build and operate demonstration farms that leverage the most advanced irrigation, fertilization and crop management techniques.  They also will collaborate to promote best practices across China’s farming system to improve yields, increase income levels and raise living standards for farmers throughout the country. The partnership continues PepsiCo’s focus on investing in sustainable agriculture development projects in China and it demonstrates the company’s continued support for China’s 12th Five-Year Plan. PepsiCo is one of the largest agricultural enterprises in the world, growing and using more than four million tons of potatoes for its Frito-Lay snacks, 600,000 tons of oats for its Quaker food products, and three million tons of oranges and other fruits and vegetables for its Tropicana and other juice brands every year. More…

News selected by Covalence | Country: China | Company: PepsiCo | Source: PepsiCo