US company Archer Daniels Midland (ADM) has acquired an agribulk port terminal in the northern Brazilian state of Para´. This will help it export cereals in the north and west of the country and also help it to expand its fertilizer operation.
The original terminal was designed to handle minerals, but is to be modified for cereals traffic, as well as being adapted to receive Panamax vessels. Storage facilities at the port
terminal will also be doubled to three million tonnes per year.
ADM is already Brazil’s biggest exporter of soyabean meal, the second biggest in export soyabeans overall and the Brazilian economy's seventh largest exporter. It has a presence in all major Brazilian ports and owns its own terminal in Santos.
BC