Amaggi will acquire 50% of the transshipment station in Miritituba and port terminal in Barcarena which are a part of the port complex Miritituba-Barcarena (PA) Bunge. The transaction is subject to approval by the Administrative Council for Economic Defense (CADE).
"This operation is fully in line with the Bunge strategy to optimize its assets and pursue strategic partnerships to capture growth opportunities, contributing to the success of the business,” said Raul Padilla, president and chief executive officer (CEO) of Bunge Brazil.
With a fleet of 90 barges and an annual handling capacity of 3.5 million tonnes of grain, the Unitapajós confirmed the viability logistics of the Northern Corridor as an option to the southern ports and the southeast.
"For Amaggi, after two years of operation of Unitapajós, this new step strengthens our presence in the region in accordance with the strategic growth plan of the company, but also contributes to the increase of a key logistics route to the country's development," said Waldemir Loto, CEO of Amaggi.
The expansion of the partnership between the two companies does not change the business activities, or the grain flow operation. Soybeans and corn, carried by the North Corridor, go to Asia or Europe, relieving the logistics system in the southeast and contributing to the development of the north.
Major grain traders have been working to improve port access in northern Brazil, to avoid bottlenecks from southern ports. This April, Archer Daniels Midland (ADM) began expanding one of its bulk grain terminals at the port of Santos in northern Brazil.
Amaggi is involved in agricultural and soybean seed production; origination, processing and commercialization of grains; fertilizer; energy and river transportation. It produces more than a million tonnes of grain per year.