(In MARCH 4 story New Hope corrects to say daily crushing capacity 5,000 tonnes, not 50,000 tonnes, paragraph 2)
BEIJING, March 4 Chinese agribusiness group New Hope plans to build its first soybean crushing plant in China's Hebei province in a joint venture with Cargill , its chairman Liu Yonghao said on Saturday.
New Hope and provincial state companies will own 51 percent of the project, which will have a daily capacity of 5,000 tonnes, while U.S. commodity merchant Cargill will hold the remaining 49 percent, he said at a briefing.
China is the world's top soybean buyer.
Liu has built New Hope from a small chicken farm into the country's top animal feed producer, with businesses extending to banking and property and annual sales topping 90 billion yuan ($13.83 billion). (Reporting by Hallie Gu; Writing by Josephine Mason; Editing by Alexander Smith)
Morning News Call - India, June 23
(India Morning Newsletter will not be published on Monday, June 26, as markets are closed for Eid-Ul-Fitr) To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_06232017.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 10:00 am: Urban Development Minister Venkaiah Naidu at an event in New Delhi. 11:00