Cargill targets increased volumes and port investments after robust 2024
28 April 2025
2 minute learn
The Brazilian unit of US grain dealer Cargill expects to deal with increased volumes of grains and different merchandise within the South American nation this yr in comparison with 2024, Reuters reported, citing an interview with Paulo Sousa, president of Cargill.
The optimism expressed by Sousa displays a report 2025 soybean harvest and helpful climate for Brazil’s second corn crop, which accounts for about 75% of nationwide corn output in a given yr.
Sousa mentioned he expects the full quantity originated, processed and bought this yr in Brazil to equal or exceed the marks of 51 million tons recorded in 2023. This compares to 45 million tons in 2024, when Brazil produced a smaller soybean crop attributable to drought in key rising areas.
Brazil is the world’s largest producer and exporter of the oilseed.
Cargill in 2024 had a internet lack of 1.7 billion actual ($298.83 million) in Brazil, primarily attributable to change charge results, in accordance with firm disclosures. In 2023, Cargill had a report revenue of two.5 billion reais in Brazil.
The corporate, one of many world’s largest grain merchants and processors, continues to put money into Brazil, which is among the rapid beneficiaries of a commerce struggle between america and China, the primary vacation spot for Brazil’s soybeans in export markets.
In response to Sousa, the commerce struggle could divert Chinese language demand for merchandise produced in Brazil comparable to Brazilian soybeans. Then again, the dispute is just not favorable to the worldwide commerce system, Sousa mentioned.
Within the quick time period, Sousa mentioned the agency will focus investments in port terminals and plans to spice up biofuels manufacturing in Brazil, referring to biodiesel and ethanol from sugarcane and corn.
Sousa mentioned Cargill this week hopes to be a aggressive bidder at a authorities public sale of port terminals in Paranagua and Porto Alegre.
($1 = 5.6888 reais)
