South Korea’s Posco International announced a new framework agreement with US-based Bartlett and Company to expand its grain supply. This deal will increase their annual trade volume to 4 million tons in the coming years. Moreover, it strengthens Posco’s growing role in the global food market.
The signing ceremony brought together Posco International CEO Lee Kye-in and Bartlett President Joe Griffith. Both leaders emphasized the importance of building long-term stability in grain sourcing. In addition, the agreement outlines plans to diversify grain types and supply regions. This strategy extends beyond North America into Latin America and the Black Sea.
Furthermore, the two companies agreed to explore joint market entry into the Middle East, Africa, and Asia. Therefore, the partnership creates wider access to critical markets and stronger positioning in global food supply chains.
Posco International views this partnership as a key step for the Korean market. South Korea imports more than 16 million tons of grain each year, yet self-sufficiency remains below 20 percent. With this new grain supply deal, Posco strengthens both competitiveness and stability. Consequently, the agreement provides relief for domestic markets that rely heavily on imports.
Bartlett, a long-established grain supplier in the US and Mexico, adds scale and expertise. By joining forces, Posco International expands its reach and boosts its reputation in the international grain supply business. Moreover, this partnership reinforces Posco’s long-term goal of becoming a global leader in agricultural trade.
In addition to grain supply, Posco International continues to diversify its food business. The company manages a 30,000-hectare palm plantation in Indonesia. It also plans to complete a palm oil refinery with a capacity of 500,000 tons annually. Furthermore, Posco intends to develop a fully integrated palm oil supply chain. This expansion supports the growing demand for biofuels.
Posco also monitors its grain terminal project in Ukraine closely. The company hopes to normalize operations quickly after the regional conflict. Therefore, Posco’s strategy combines diversification, international partnerships, and supply chain integration.
A company spokesperson said the deal builds a stronger sourcing network and expands Posco’s foundation in food markets. In addition, Posco plans to maximize synergies between its grain supply business, palm oil operations, and Ukrainian terminal project.
Overall, South Korea’s Posco strengthens its global presence through this grain supply deal with Bartlett. The agreement expands trade, diversifies sourcing, and secures food access for domestic and international markets.
