CPOW is trying to get in on this market. I am posting this for background data on what is happening in China with regards to cooking oil prices.
The main play for CPOW is the idea that a joint venture will coalesce resulting in actual sales and possibly the building of larger facilities. The company has outlined their plans in the 8Ks and press releases.
POTENTIALLY, if the Chinese company does decide to sign actual agreements to finance and build a crushing plant, they would be doing so to apparently help deal with the rising demand and cost of cooking oil in China.
Again, right now PLANS. Would be great to see this come together.
Chongquin Grain Group has already purchased land in Brazil to grow soy. Here is the article on that.
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