Brazilian port authorities planning new grains port in Amazon region, designed to become nation's largest soybean export center, according to news report

Nevin Barich

LOS ANGELES , February 20, 2012 (Industry Intelligence) – According to Brazilian newspaper Folha de S. Paulo, Brazilian port authorities are planning a new grains port in the Amazon region, Reuters reported Feb. 18.

The port is designed to become Brazil’s largest soybean export center and cut transportation costs for farmers.

According to the news article, the proposed 18 million tonne-a-year port would be built near Belem — the Amazon region’s largest city — and designed to surpass the 16.8 million tonnes grains capacity of the Port of Santos and the 14.8 million tonnes capacity of the Port of Paranagua.

The news article also stated that the new Amazon port proposal is scheduled to be sent to Brazil's water transportation regulator for approval in the coming days.

The primary source of this article is Reuters, London, England, on Feb. 18, 2012.

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