The Brazilian government approved investments of BRL 639 million in ports and waterways to improve the flow of this year’s crop, with a focus on the Madeira, Paraguay, and Tocantins rivers. Also, BRL 4.7 billion is planned for logistics corridors in the North, Northeast, South, and Southeast regions to improve safety and transportation. Railway construction is being hastened, particularly on the West-East Integration Railway in Bahia, which is expected to be completed by 2026. Brazil is seeing record soybean and corn output, increasing the demand for logistical infrastructure. Brazil’s açaí exports to India are expected to climb by 41% in 2023.
Source: Exame (*Translated by Ia Niani)
PLAN FOR BRAZIL’S 2024 HARVEST INCLUDES INVESTMENTS IN PORTS, HIGHWAYS, AND RAILWAYS
Published On - 22 de February de 2024