ADM and SOY on the way to heaven (also for BU Clarisoy) ADM Barges
Currently about three quarters of Mato Grosso’s crops are shipped from southeastern ports, the country’s most developed area, according to Mato Grosso’s Imea agriculture economics institute’s website. Soybean crops have ceased to expand in the southeast because of the higher value of land, urbanization, competition with food crops that supply the country’s biggest cities and sugar-cane fields.
Archer-Daniels-Midland Co. (ADM), the largest exporter of soybean meal from Brazil, plans to double the size of its South American barge fleet and increase shipments from Belem to about 6 million tons in five years, from 1 million next year, Matthew J. Jansen, president of ADM’s oilseeds unit, said in a Dec. 17 phone interview from the Decatur, Illinois headquarters.
Bunge’s Unitapajos joint venture with Grupo Andre Maggi, or Amaggi, the soybean producer and trading company run by former Mato Grosso governor Blairo Maggi, will ship crops from Miritituba to Belem on 90 barges starting this year, the White Plains, New York-based company said in an e-mailed response to questions.
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https://www.bloomberg.com/news/2014-01-10/amazon-soy-route-seen-extending-brazil-lead-on-u-s-commodities.html?cmpid=yhoo
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https://top10stocks2buy.com/i.php?https://www.sbwire.com/press-releases/archer-daniels-midland-company-nyseadm-and-america-movil-sab-de-cv-nyseamx-added-to-growing-stock-reports-nyse-decliners-watch-list-431500.htm&t6t=ADM