Adm South America News

U.S. grains merchant Archer-Daniels-Midland Co said on Tuesday it has carried out the largest soybean shipment in the history of the Ponta da Montanha Grain Terminal (TGPM), located in the northern Brazilian city of Barcarena, as it shipped 84,802 tonnes in a single vessel.It also represented the largest volume ever shipped on a grain vessel from ports located in the Amazon Basin, the company told Reuters."This showed us that we have one more option to move soybeans through the TGPM, using our own vessel...

U.S. agribusiness company Archer Daniels Midland Co has agreed to sell a 50-percent stake in its Barcarena grain export terminal in northern Brazil to commodities trader Glencore PLC, the company said during an analyst call on Tuesday. The companies are planning to increase the terminal's annual capacity to 6 million tonnes, from the current 1.5 million tonnes, after the deal, which is expected to close in the first half of 2015 pending regulatory approvals, ADM later detailed in a news release. The upgrade will allow the terminal to begin loading larger panamax vessels, which can hold around 60,000 tonnes, the company said. "Agricultural production is expanding rapidly in northern and western Brazil…

The first loaded vessel has departed Archer Daniels Midland Company’s (ADM) new export terminal in Barcarena, in the northern Brazilian state of Pará. ADM explains that the terminal is a significant addition to ADM’s expanding logistical network in Brazil, and offers an efficient pathway for the export of grain from the increasingly productive western and northern regions of the country. ADM received approval to begin operations at the terminal at the end of July 2014. “We are pleased to see operations underway at our new terminal in Barcarena,” said Valmor Schaffer, president, ADM South America. ADM acquired the terminal in 2012. It currently has the capacity to handle approximately 1.5 million metric tons of grain on an annual basis…