April 7/Cardiovascular Business Week -- Martek Biosciences Corporation has signed a five-year agreement with COFCO Food Sales & Distribution Co. Ltd., a branch of the COFCO group, for the use of Martek's life'sDHA in COFCO cooking oils and potentially other categories.
In China, the edible cooking oils market is excess of $9 billion and continues to grow each year. China is the world's largest consumer of edible oils, at 24 million tons per year.