BEIJING, Feb.26 (Xinhua) -- Yantai Shuangta Food Co., Ltd. (002481.SZ) announced on Tuesday that its wholly-owned subsidiary Zhaoyuan Junbang Trading Co., Ltd. has signed a pea protein supply contract with U.S.-based producer of plant-based meat substitutes Beyond Meat, the Xinhua-run China Securities Journal reported on Tuesday.
According to the report, the purchase amount of pea protein for the first batch reached about 285 tons, and the two sides will decide whether to increase the amount of pea protein based on market demand.
The signing of the contract is set to establish a platform for direct exchange and cooperation between Shuangta Food and Beyond Meat, and will lay a solid foundation for the follow-up cooperation, said Shuangta Food.
Established in 1992, Shuangta Food is currently the world's leading pea protein raw material company.
(Edited by Yang Yifan, yangyifan@xinhua.org)
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