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Perdue expands Va. soybean exports to China

Monday - 6/3/2013, 4:41pm  ET

RICHMOND, Va. (AP) -- Perdue Agribusiness is expanding exports of Virginia soybeans to China.

Dandong Port Group has agreed to buy up to 29 million bushels of soybeans from this year's crop.

Since an agreement signed in September 2011, Dandong has purchased more than 30 million bushels of soybeans.

Gov. Bob McDonnell says the recently signed agreement was reached during a trade and marketing mission to Asia in April.

McDonnell's office says the new export commitments will help Dandong meet a rapidly increasing demand for soybeans in China.

Perdue Agribusiness operates an export terminal in Chesapeake.

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Tags: perduesoybeanschina