ADM sets record for single shipment of soybeans from northern Brazil

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SAO PAULO, Feb 22 (Reuters) – U.S. grain merchant Archer-Daniels-Midland Co (ADM.N) said on Tuesday it had made the largest ever shipment of soybeans from the Ponta da Montanha grain terminal (TGPM), located in the city of Barcarena, in northern Brazil, which shipped 84,802 tons in a single vessel.

It also represented the largest volume ever shipped on a grain ship from ports in the Amazon basin, the company told Reuters.

“It showed us that we have one more option to transport soybeans through the TGPM, using our own vessel… It’s definitely something we will do even more often,” said the logistics manager. of ADM for South America, Vitor Vinuesa, in a press release.

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The ADM-owned bulk carrier MV Harvest Frost, which is 237 meters (777.56 feet) long and 40 meters wide, sailed last week for the port of Rotterdam in the Netherlands, where the company also has a terminal.

The company said all transported soybeans will be ground by ADM itself, resulting in products such as soybean meal, cooking oil and biodiesel.

The previous record for shipments from the northern region of Brazil was set at the port of Santarem in 2020, when 82,531 tons of soybeans were transported in a single ship.

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Reporting by Nayara Figueiredo; Written by Gabriel Araujo; Editing by Bernadette Baum

Our standards: The Thomson Reuters Trust Principles.

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