24.
07.18
08:00

COFCO: Brazil needs more investment in transportation

Brazil could do even better in international competition with agricultural goods if more money is invested in infrastructure development and transport. Yesterday, a Chinese commodity trader of the state COFCO International said.
The port infrastructure has become much better, but the country is still too reliant on trucking, which is not efficient enough. This bottleneck is Brazil's biggest challenge.
COFCO believes that Brazil has the greatest potential to increase its food production and meet its growing demand.
After a series of strategic acquisitions, COFCO now has 60% of its holdings in South America. The shipment of soybeans from the Brazilian Center West costs 30% of the value of the oilseed. Other competing nations spend much less on it.
This is even clearer with corn. Here the freight share amounts to 50%.
Text: HANSA Derivatives Trading GmbH /

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