COFCO Group

COFCO Group, historically known as China Oil and Foodstuffs Corporation, is a large Chinese state-owned agribusiness and food-processing holding company. Founded in 1949, it developed from a centrally controlled agricultural import and export organization into a diversified group active across the food and agricultural value chain. Its activities have included crop cultivation and sourcing, grain and oilseed processing, food and beverage manufacturing, agricultural trading, storage, transportation, port facilities, financial services, hotels, and real estate. From 1952 to 1987, COFCO operated as the sole agricultural-products importer and exporter directly controlled by the central government. This role placed the organization at the center of China's international agricultural supply system during a period when food security and state-managed trade were major policy priorities. After China's economic reforms and the subsequent expansion of domestic consumer markets, COFCO broadened its scope beyond commodity trade and developed a portfolio of consumer-facing brands and operating companies. The group's branded businesses have included Fortune edible oil, Great Wall wine, Mengniu dairy, Lohas fruit and vegetable beverages, Le Conte chocolate, COFCO Tunhe tomato products, Joycome meat products, China Tea products, and other food and beverage lines. Its wider portfolio has also included COFCO Coca-Cola, a joint venture involved in manufacturing and distributing Coca-Cola products in parts of China, together with businesses connected to packaging, agricultural inputs, oils and oilseeds, wines and spirits, engineering equipment, and financial services. COFCO's structure combines industrial operations with investments in listed and unlisted companies. Companies associated with the group have included China Foods, China Agri-Industries Holdings, Mengniu Dairy, COFCO Packaging, COFCO Tunhe, COFCO Property, and BBCA. The group has also held or developed businesses in insurance, trust services, hotels, resorts, shopping centers, and real estate. These activities reflect a strategy of linking agricultural production and international commodity trading with domestic processing, distribution, retail, and consumer brands. The group's international footprint has included operations and activities in markets such as Japan, the United States, the United Kingdom, Australia, and Canada, in addition to its extensive presence in China. COFCO is commonly described as one of Asia's leading agribusiness groups and as one of China's largest food processors, manufacturers, and traders. Its scale gives it an important role in connecting global agricultural supply with Chinese demand, while its consumer brands provide visibility in everyday categories such as cooking oil, wine, dairy, tea, tomato products, beverages, and meat. COFCO remains a diversified state-owned enterprise rather than a single-product consumer brand. The group brand functions as an institutional and commercial umbrella for agricultural, food, logistics, financial, hospitality, and property businesses, while many products are marketed under distinct subsidiary or product names. Publicly available reference material in this dossier does not establish a complete current list of subsidiaries, executives, financial results, or ownership percentages, so those details are not treated as definitive here.

COFCO Group was established in 1949 as China Oil and Foodstuffs Corporation. Its original institutional role was closely linked to the organization of China's agricultural commodity trade and food supply. Between 1952 and 1987, it served as the central government's sole agricultural-products importer and exporter. This position made COFCO an important channel for bringing agricultural commodities into China and for managing international trade in agricultural products on behalf of the state. As China's economic system changed and the country's food economy became more market-oriented, COFCO expanded beyond its original trading mandate. The group developed capabilities in planting, cultivation, processing, warehousing, transportation, and port operations. It also entered or expanded in finance, hospitality, and real estate, creating a broader conglomerate around its core agricultural and food activities. This diversification allowed the organization to participate in multiple stages of the value chain, from primary production and commodity procurement through manufacturing, distribution, and consumer sales. COFCO's transformation also involved the development and consolidation of consumer-facing businesses. Its portfolio came to include edible oils, wine, dairy, beverages, tea, tomato products, meat, chocolate, and other packaged foods. The Fortune edible-oil and Great Wall wine brands became prominent examples of the group's consumer-market presence. Businesses associated with Mengniu Dairy, China Tea, COFCO Tunhe, and other subsidiaries further extended the group into everyday food and beverage categories. The group also used corporate investments and joint ventures to broaden its reach. COFCO Coca-Cola was described as a joint venture between COFCO and The Coca-Cola Company, manufacturing and distributing Coca-Cola products across 19 Chinese provinces and municipalities. Other associated operations included China Foods, China Agri-Industries Holdings, COFCO Oils & Oilseeds, COFCO Wines & Spirits, COFCO Packaging, COFCO Engineering Equipment, and financial-services entities such as COFCO-Aviva Life Insurance and COFCO Trust. By the 2000s, COFCO had become a large employer and international agribusiness group, with operations in China and overseas markets including Japan, the United States, the United Kingdom, Australia, and Canada. It was described as one of China's largest food processors, manufacturers, and traders and as one of Asia's leading agribusiness groups. The group has also been associated with a range of property, hospitality, and leisure assets, including shopping centers, hotels, resorts, and real-estate businesses. Several associated companies have been publicly listed. Reference material identifies China Foods, China Agri-Industries Holdings, Mengniu Dairy, and COFCO Packaging as Hong Kong-listed companies, and COFCO Tunhe, COFCO Property, and BBCA as mainland-listed companies associated with the group. The exact status and ownership of individual businesses can change over time, so these historical associations should not be read as a complete current corporate-structure statement. Today, COFCO is best understood as a state-owned, diversified food and agriculture holding group. Its strategic identity rests on connecting international agricultural sourcing and trading with domestic processing, logistics, branded food production, and consumer distribution. The COFCO name is therefore both a corporate identity and an umbrella for a portfolio of businesses operating under separate commercial brands.

• 2007

  Large domestic and overseas workforce

  [1]COFCO Groupen.wikipedia.org

  Reference material describes COFCO as employing slightly more than 60,000 people across China and overseas locations, including Japan, the United States, the United Kingdom, Australia, and Canada.

• 1987

  End of exclusive import-export position

  [1]COFCO Groupen.wikipedia.org

  The period of COFCO's exclusive central-government-controlled agricultural import and export role ends.

• 1952

  Central agricultural trade role begins

  [1]COFCO Groupen.wikipedia.org

  COFCO begins the period in which it acts as the sole agricultural-products importer and exporter under direct central-government control.

• 1949

  COFCO is established

  [1]COFCO Groupen.wikipedia.org

  China Oil and Foodstuffs Corporation, the organization later known as COFCO Group, is founded in China.

A large, vertically integrated and internationally connected Chinese agribusiness and food group, combining state-backed agricultural supply-chain capabilities with branded consumer food and beverage businesses.

• Edible oil and cooking ingredients

  Fortune

  Fortune is one of COFCO's best-known consumer food brands and is associated primarily with edible oil. It represents the group's move from bulk agricultural trading into packaged household food products, with a position in a staple category used in everyday cooking. The brand is commonly cited as a flagship COFCO offering.

• Wine

  Great Wall

  Great Wall is COFCO's prominent wine brand and part of the group's wines and spirits activities. It gives COFCO a visible presence in branded alcoholic beverages, complementing its agricultural sourcing and food-processing businesses. The brand is cited among the group's principal consumer-facing offerings.

• Dairy products

  Mengniu Dairy

  Mengniu Dairy is a major dairy business associated with COFCO and has been described as one of the group's important equity investments and listed affiliates. Its portfolio places COFCO in milk and other dairy categories and extends the group's reach into large-scale branded consumer foods. The reference material identifies COFCO's stake in Mengniu as 31.25% in December 2019.

• Tea

  China Tea

  China Tea is a COFCO-associated tea business focused on tea products. It connects the group with a traditional Chinese agricultural and beverage category and illustrates the breadth of COFCO's branded portfolio beyond grains, edible oils, and dairy. Available reference material does not provide a detailed current product range.

• Tomato products and agricultural processing

  COFCO Tunhe

  COFCO Tunhe is associated with tomato products and agricultural processing. The business reflects COFCO's vertically integrated model, linking agricultural production and processing with packaged food applications. It has also been identified in reference material as a mainland-listed company associated with the group, although current corporate ownership details are not established in this dossier.

• Meat products

  Joycome

  Joycome is a COFCO-associated meat-products brand or business. It extends the group's consumer food portfolio into animal-protein products and supports COFCO's broader involvement in agricultural production, processing, and food distribution. Detailed product and market information is not provided by the available reference material.

• Fruit and vegetable beverages

  Lohas

  Lohas is associated with fruit and vegetable juice or beverage products. The brand represents COFCO's participation in packaged non-alcoholic drinks and adds a consumer-oriented beverage line to a portfolio otherwise strongly associated with staples, agricultural commodities, wine, and dairy.

• Chocolate and confectionery

  Le Conte

  Le Conte is a chocolate brand associated with COFCO. It illustrates the group's expansion into value-added packaged foods and confectionery rather than only agricultural commodities and staple ingredients. The available sources do not provide sufficient information about its current distribution or product range.

• Beverage joint venture

  COFCO Coca-Cola

  COFCO Coca-Cola is described as a joint venture between COFCO and The Coca-Cola Company. Its activities include manufacturing and distributing Coca-Cola-branded products in 19 Chinese provinces and municipalities. The venture demonstrates COFCO's role in domestic beverage manufacturing and distribution through partnerships with international consumer brands.

• 2025

  Zhou Zheng sentenced to 12 years at first instance for embezzlement, bribery, and abuse of power

  On January 14, 2025, the Yuncheng Intermediate People's Court sentenced Zhou Zheng, former deputy general manager of COFCO Group and former chairman of Joy City, to 12 years in prison at first instance. The court found that he accepted bribes of more than 6.05 million yuan and embezzled more than 2.41 million yuan, and that abuse of power by a state-owned company employee caused losses of more than 101 million yuan.

  Source

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• Expansion from agricultural trade into an integrated agribusiness groupStrategy

  Background

  After its earlier role as a centrally controlled agricultural importer and exporter, COFCO broadened its activities to include cultivation, processing, storage, transport, port facilities, branded foods, finance, hospitality, and real estate.

  Action taken

  The group developed and acquired capabilities across multiple stages of the agricultural and food value chain while maintaining a portfolio of consumer-facing brands and associated companies.

  Aftermath

  COFCO became a diversified state-owned agribusiness and food holding company rather than a narrowly focused agricultural trading organization.

  Source

• Development of branded food and beverage businessesStrategy

  Background

  The growth of China's domestic consumer market created opportunities for agricultural companies to move into packaged food, beverages, dairy, wine, and other branded categories.

  Action taken

  COFCO built or associated itself with branded businesses including Fortune edible oil, Great Wall wine, Mengniu dairy, China Tea, Lohas beverages, COFCO Tunhe tomato products, Joycome meat products, and Le Conte chocolate.

  Aftermath

  The group established a broad consumer portfolio alongside its commodity trading, processing, and logistics operations.

  Source

• 2014

  COFCO acquired a controlling interest in Nidera[4]中粮集团收购尼德拉控股权cofco.com

  M&A

  COFCO announced the acquisition of a controlling stake in Nidera, expanding its international agricultural origination, merchandising, and logistics capabilities.

• 2014

  COFCO acquired Noble Agri[4]中粮集团收购尼德拉控股权cofco.com

  M&A

  COFCO acquired Noble Group’s agricultural trading business, a transaction that gave the group a broader global platform for sourcing and marketing agricultural commodities.

1. 1COFCO Groupen.wikipedia.org
2. 2COFCO Group official websitecofco.com
3. 3Zhou Zheng sentenced to 12 years at first instance for embezzlement, bribery, and abuse of powerspp.gov.cn
4. 4中粮集团收购尼德拉控股权cofco.com
5. 5省政府与中粮集团签署战略合作协议 许达哲会见于旭波hunan.voc.com.cn
6. 6省政府与中粮集团签署战略合作协议 许达哲会见于旭波_时政.要闻_湖南频道hn.rednet.cn
7. 7中粮结束与瑞幸轻食品类合作，BOSS午餐4月已下架finance.sina.com.cn