Cargill expands soybean operations in Brazil

In Brazil, Cargill announced that they will build a soybean processor unit in Mato Grosso state, which would commence operation in 2009. Mato Grosso will also be home to a new crushing facility operated by Bunge. Rapidly increasing soy prices and livestock feed demand have led to the announcements, after numerous shutdowns in past years due to poor margins.

Recently, Cargill said they would double production capacity at its Cevasa (Brazil) sugar processing plant to 1.2 million metric tons in 2008, but said Brazil will need export markets for ethanol to avoid an oversupply of the market.

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