São Paulo, 10/13/2016 - The Chinese trading Cofco Agri acquired two warehouses in Mato Grosso, according to a statement by the company. One of them has a capacity of 72,000 tons and is located in Itanhangá; the other can receive up to 60 thousand tons of grain and is in the Novo Mundo. Cofco Agri also purchased land to build a new warehouse in the city of Marcelândia, which will house a warehouse with 70 thousand tons. This warehouse will receive the 2nd crop corn harvest next year. The company did not report the value of the investment. Subsidiary of COFCO International, Cofco Agri operates in trading and agricultural processing products originating in various regions such as South America, South Africa, Eastern Europe, India and Australia. It also operates in the supply regions with high demand, such as Asia and the Middle East. Last August 23, the International Cofco announced the acquisition of 100% of Nidera.
Northern Mato Grosso is the focus area.
Kory
Saturday, October 15, 2016
Thursday, October 13, 2016
Brazil China relationship status
The past 6 or 7 years Brazil and China have been doing a lot
of dating.
A Chinese delegation arrives and does a tour. A couple months later
a Brazil delegation makes a visit to China.
Many headlines have been made. Many letters of intention have been
signed by countless politicians and businessmen from both countries
with regards to ag and trade.
Time goes by, not much has changed.
This past year we have had a couple of equity deals done with
Ag business in Brazil and the Chinese.
It seems like we have moved into the "let´s live together awhile and
see how it goes" phase of the relatonship.
If it does not work out, it is still simple to go our separate ways.
Much talk lately of a Brazil/China fund to finance projects.
This catches my ear, but until I see something, all it is is a headline.
If we hear that China is going to help fund one of the railroad projects that
never seem to break ground, I will have to amend the relationship status
to "We are now engaged". No wedding date has been set yet.
If sometime in the next couple years we actually have the Chinese "laying some track",
I will have to say we have a wedding date in mind.
When I see Choo-choo trains zipping back and forth to Amazon hauling beans,
I will say Brazil and China are now married.
Until death do you part ;>)
This is all a ways off but I am getting query´s about this and I need to
act like a daddy here and make sure you love my daughter first.
You only get access to the soybeans after you marry her.
In this case, the daughter is Mato Grosso.
The wedding invitation has not been mailed yet.
Kory
of dating.
A Chinese delegation arrives and does a tour. A couple months later
a Brazil delegation makes a visit to China.
Many headlines have been made. Many letters of intention have been
signed by countless politicians and businessmen from both countries
with regards to ag and trade.
Time goes by, not much has changed.
This past year we have had a couple of equity deals done with
Ag business in Brazil and the Chinese.
It seems like we have moved into the "let´s live together awhile and
see how it goes" phase of the relatonship.
If it does not work out, it is still simple to go our separate ways.
Much talk lately of a Brazil/China fund to finance projects.
This catches my ear, but until I see something, all it is is a headline.
If we hear that China is going to help fund one of the railroad projects that
never seem to break ground, I will have to amend the relationship status
to "We are now engaged". No wedding date has been set yet.
If sometime in the next couple years we actually have the Chinese "laying some track",
I will have to say we have a wedding date in mind.
When I see Choo-choo trains zipping back and forth to Amazon hauling beans,
I will say Brazil and China are now married.
Until death do you part ;>)
This is all a ways off but I am getting query´s about this and I need to
act like a daddy here and make sure you love my daughter first.
You only get access to the soybeans after you marry her.
In this case, the daughter is Mato Grosso.
The wedding invitation has not been mailed yet.
Kory
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