Home / News / Business news / Cooperative buys stake in Brazil logistics

Cooperative buys stake in Brazil logistics

Jeff Caldwell 05/24/2012 @ 9:38am Multimedia Editor for Agriculture.com and Successful Farming magazine.

The American investment in Brazilian agriculture continues with the announcement Thursday that the large U.S. farmer-owned cooperative CHS Inc. has bought 25% ownership in a Brazilian ag logistics company.

The move, company officials say, will help improve infrastructure for Brazilian farmers, for whom the task of moving grain from the field to delivery points and terminals is a massive one. The Brazilian firm NovaAgri now owns 75% of TCN, the Sao Paolo-based venture formed by CHS's acquisition.

"This investment gives CHS competitive access to the fastest-growing region of Brazil," says Stefano Rettore, senior vice president, CHS South America, Sao Paulo, Brazil.  "We believe demographics and income growth, especially in developing economies, means the world demand for soybeans and corn will increase."

Included in the ventures TCN will tackle is the expansion of the Port of Itaqui, a key delivery point for Brazil's soybean farmers. The move, company officials say, will "improve market access for Brazilian growers by reducing significant logistical bottlenecks."

CancelPost Comment
MORE FROM JEFF CALDWELL more +

3 Things to Watch This Morning, Thursday… By: 03/05/2015 @ 6:21am Watch the funds and the dollar Thursday and beyond. The markets have stabilized after…

Massive Canal Project Seeks to Streamline… By: 03/04/2015 @ 2:49pm It's been referred to as the largest construction project in the history of mankind, and it…

Soybeans Lead Grain Price Slide Wednesday By: 03/04/2015 @ 8:28am The grain markets started Wednesday on a lower note after a higher close on Tuesday, and midday…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Parallel linkage
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]