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29 February -
Friday
Railroad
Norte-Sul (North-South)
The President of
Valec, the company responsible for constructing the railroad, said
the line running from Açailandia (MA) to Anápolis, GO by 2010.
(see map).
He
also announced the projected route of the Leste-Oeste (East-West) in
Bahia, which will run from the port of Ilheus to Ibotirama and Luiz
Eduardo Magalhaes in Bahia and on to Alvorada, TO. From there it will
connect to Uruaçu, GO on the Norte-Sul line.
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(click
for railroad info)
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29 January -
Tuesday
JBS Releases 2008 Estimated Revenues
- Argentina: R$1.3 billion
(US$726,000)
- Australia: R$3.5 billion (US$1.95 billion)
- Brazil: R$5.7 billion (US$3.18 billion)
- USA: R$15 billion (US$8.37 billion)
EBITADA margin of
5-6%
7 December -
Friday
Ag Exports Continue Strong
The Ministry of
Agriculture reported that exports for November reached US$4.9
billion; up 12.4% from November 2006. Over the last 12 months
Ag exports have totaled US$57.9 billion; 18.3% above the
period of November 2005 to November 2006.
Ag Equipment Sales Up
The National
Association of Auto Manufacturers report that 3,700 tractors and
harvesters were produced in November; down 12.9% from October, but
up 70% from November 2006.
3 December - Monday
AGCO Sales Booming
AGCO Corp (Massey Fergusson) sales of tractors and harvesters
are up 44% and 64% respectively in the first nine months of the
year. It plans to invest US$150 million over the next three years,
which includes a tractor factory in
Mato Grosso.
12 November - Monday
Multigrain announces production, processing
acquisition
SAO PAULO, BRAZIL (Nov. 12, 2007) – The owners of Multigrain, a
leading Brazil-based agricultural commodity business, announced
today the company has acquired 100,000 hectares (247,000 acres) of
farmland and related processing operations intended to strengthen
its ability to serve customers around the world.
CHS Inc. of St. Paul, Minn., PMG
Trading of Brazil, and Mitsui & Co. Ltd of Japan are owners of
Multigrain AG, the holding company for Multigrain.
The purchase consists of land in the
western Bahia, western Minas
Gerais and southern Maranhão. The operations, known as XinguAgri
farms, include production of soybeans, corn, cotton and sugarcane,
as well as cotton processing in four locations. Multigrain currently
is exploring opportunities for ethanol manufacturing in conjunction
with its sugarcane production. Financial details of the transaction
were not released.
“This extension into agricultural
production strengthens the ability of Multigrain and its owners to
originate commodities for global customers,” said Stefano Rettore,
Multigrain chairman and general manager of CHS Brazil operations.
“This is an important step for Multigrain as a fully integrated
agricultural company with production, origination, processing and
import/export capabilities.
“Backed by the strength of CHS and
its producers in U.S. grain origination, Mitsui’s involvement in
global imports and logistics, and PMG’s experience in Brazilian
agriculture, this acquisition enhances our ability to be a
dependable, quality supplier year-around.”
Multigrain (www.multigrain-group.com)
is an integrated agribusiness company involved in production,
processing and logistics. It markets soybeans, corn, wheat, sugar
and cotton and has recently completed the construction of a wheat
import facility at the Brazilian port city of Santos. CHS and PMG
Trading each own 37.5 percent of Multigrain AG. Mitsui acquired a 25
percent share in August 2007.
CHS Inc. (www.chsinc.com)
is a diversified energy, grains and foods company committed to
providing the essential resources that enrich lives around the
world. A Fortune 200 company, CHS is owned by farmers, ranchers and
cooperatives, along with thousands of preferred stockholders, from
the Great Lakes to the Pacific Northwest and from the Canadian
border to Texas. CHS supplies energy, crop nutrients, grain,
livestock feed, food and food ingredients, along with business
solutions including insurance, financial and risk management
services. The company operates petroleum refineries/pipelines and
manufactures, markets and distributes Cenex® brand refined fuels,
lubricants, propane and renewable energy products. CHS is listed on
the NASDAQ at CHSCP.
SOURCE: CHS Inc.
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25 September -
Sunday
Bunge Buys
Sugarcane/Ethanol Plant
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Bunge Limited has finalized
the acquisition of the Santa Juliana Sugarcane/Ethanol plant
in Minas Gerais. The plant is located between the cities of
Uberlândia and Araxá with access to the São Paulo market as
well as the ports of Vitória and Santos via rail. It has an annual production of 1.6 million mt, which will be raised to 4 million
mt over the next years. |
23 September - Saturday
Friboi Plans To Build Two New
Meat-Packing Plants
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JBS S.A., which controls
Friboi, has signed a protocol of intentions
with the Prefeitura of
Sorriso (MT)
to conduct a feasibility study for the
construction of meat packing plants in the city; one for slaughtering of
cattle, the other swine. The investment is projected to be US$ 300 million,
and the potential of annual invoicing of the enterprise is of US$ 1 billion.
(full
article) |
2 September - Wednesday
US Biotech Giant Monsanto Buys
Brazilian Hybrid Corn Producer
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Brazil's
Agroeste Sementes US-headquartered biotechnology multinational
Monsanto announced that it has acquired Agroeste Sementes, a leading
Brazilian corn seed company, for slightly more than US$ 100 million.
Agroeste focuses on hybrid corn seed production and serves farmers
throughout Brazil, the world's third largest corn production area.
Under the terms of the agreement, Monsanto acquired ownership of 100
percent of Agroeste's businesses including its corn seed brands.
Monsanto paid cash for the acquisition.
"Agroeste will serve as an important complement to our existing
national brand approach in Brazil," said Brett Begemann, Monsanto's
Executive Vice President of Global Commercial.
"The acquisition will allow our companies to provide new and
innovative higher yielding seed offerings through multiple brands
and will bolster our genetics platform for the introduction of our
trait technologies longer term," Begemann said.
Brazilian farmers planted approximately 30 million acres of corn in
the 2006-2007 growing season. Today, Monsanto estimates that the
Brazilian hybrid corn seed market is 23 million acres.
Monsanto says that the acquisition will enhance the company's
existing corn germplasm portfolio, enabling the company to deliver
new higher-yielding seed offerings to Brazilian corn farmers.
Agroeste's corn seed products are currently used on approximately
10% of Brazil corn acres. Monsanto's corn seed products, sold
locally through the Dekalb and Agroceres seed brands, are currently
used on approximately 30% of corn acres in Brazil.
Monsanto noted that the combination of each company's germplasm
portfolios is also expected to support the introduction of biotech
trait offerings in Brazil longer term.
Last month, the Brazilian National Biosafety Technical Committee's (CTNBio)
approved Monsanto's MON 810 insect protection event, known in the
United States as YieldGard Corn Borer, for future commercial use in
corn in Brazil.
The CTNBio approval may be followed by a review from the National
Biosafety Council (CNBS) to examine social and economic factors.
Following a favorable review by CNBS, and approvals of the
individual MON 810 events in specific hybrid varieties, farmers will
be able to plant these higher-yielding seeds.
Source:
Brazzil Magazine
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6 September - Thursday
Monsanto Will Invest US$ 28
million
The investment will be over the next five years directed at
developing new technologies to protect soybeans and increase
productivity.
24 August - Friday
Sales Of Sugarcane Harvesters Up
With cost from 15% to 20% less than manual harvest plus pressure
from environmental groups to end burn-offs of fields, sales are
expected to be 70% higher in 2007. Approximately 45% of the
present harvest has been done by harvesters in the Central-South
region; up 5% from the last harvest as reported by União da
Agroindústria da Cana (Unica).
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