Global Frut, a Mexican horticultural company, and Longling County of Baoshan City in southwest China's Yunnan Province have agreed to jointly develop an avocado planting and processing project.
As Mexico's largest avocado grower, Global Frut is currently planning to expand its growing areas. Located in western Yunnan, Baoshan has been improving its business environment to attract foreign investors. Jiang Chu, vice mayor of Baoshan City, said the project will help Baoshan develop its green food industry.
Global Frut and three Chinese companies will jointly invest in the project. With an investment of about 280 million yuan (US$39 million), a total of 1,000 hectares of avocados will be planted in Mengnuo Township of Longling and its surrounding areas within five years. Avocado processing production lines, refrigeration storage and nursery gardens are also expected to be built in the area.