Paulo Sousa, head of Cargill, said that the global company intends to grow its investments in order to improve soy processing and biofuel production. According to Sousa, the corporation is also “strongly” exploring additional investments in ports as well as in the modernization and expansion of warehouses. In Brazil, “we hope to expand in the fields of soy processing and renewable energy”. Brazil must increase its soy export and processing capacity to decrease the effects that supply shocks have on the global food and renewable fuel industries. A record harvest helped Cargill handle 41 million tons of soybeans and grains in 2022, an increase of 15% from 2021.
Source: Money Times (*Translated by Ia Niani)