Company expects to have new elevator and river terminal operational by fall of 2019.

Company says the expansion will enable it to better serve its growing customer base in China.

New standards are designed to reduce country’s soybean consumption.

Project involved a complete retro-fit of the existing mill, which was built in 1928.

Company, which is selling its current mill property in downtown Tampa, expects new mill to be operational by 2021.

European Commission report shows increase of just 0.1% over past 12 months.

Earlier report said Russian lender VTB would buy Summa’s 49% share in the grain company.

Country’s growing protein consumption has led to increase in corn imports.

Forecast is for intake of 1.1 million tonnes, in line with consumption rates.

Increased acreage will lead to larger crop, USDA says.