China is building megaports in South America to feed its need for crops
Main points:
- State grain trader Cofco plans world’s biggest export terminal in Brazil to substitute U.S. soybeans and other foodstuffs
- China is investing in South American infrastructure to secure agricultural imports.
- Santos, Brazil’s main port for exports to China, is struggling with capacity and infrastructure.
- Brazil’s fertilizer supply issues and soil nutrient depletion pose challenges to increased crop production.
This article was written by Eamonn Sheridan at www.forexlive.com.
