Archer Daniels Midland Company has set up an agreement to purchase a port terminal in the state of Pará in Brazil.

The facility was designed to handle minerals, and ADM plans to convert it to handle bulk grains and agricultural inputs, as well as to upgrade the facility to handle Panamax vessels and double its storage capacity. “By adding this strategically located port to our extensive logistics network in Brazil, we will increase our capacity to export grain from Western and Northern Brazil and further expand our fertilizer operations throughout the country,” said Valmor Schaffer, president of ADM South America. “This port will enhance ADM’s global reach, better connecting the Brazilian harvest to markets including Europe, the Middle East, and even Asia through the Panama Canal.”

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Once complete, the new port will have capacity to handle 3 million metric tons per year.