Cofco Agri plans to expand branded edible oils portfolio in India next year

Could launch premium cotton seed, mustard and sunflower oils; expects 30 per cent rise in turnover

The Indian arm of Cofco Agri, which recently entered the premium branded edible oil segment, plans to expand its portfolio by launching cotton seed, mustard and sunflower oils in the coming financial year.

Cofco India, which is the fully-owned subsidiary of global agro-major Cofco Agri, also plans to enter the branded wheat flour and maida segments, but only after it gets a strong foothold in the highly fragmented edible oils market, its managing director Samir Desai told Business Standard.

Cofco globally acquired the agriculture business of Noble Group for $750 million in 2015, which also brought the Indian arm within