GFM Network News

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Vale sells fertilizer unit to Mosaic

Brasilia/Sao Paulo | Reuters — Vale SA’s US$2.5 billion sale of its fertilizer business to Mosaic Co., the latest step in the Brazilian iron ore miner’s strategy to reduce debt, also makes it the U.S. company’s biggest shareholder. Mosaic, which made the deal to improve its access to Brazil’s vast agricultural markets, will pay $1.25 […] Read more

Brazil soy exports likely to slow after fire near Santos port

Sao Paulo | Reuters –– Brazil’s soy exports will likely slow because a six-day fire at a nearby fuel-storage facility has restricted access to Brazil’s largest port, Santos, a port official and the soy industry association Abiove said on Tuesday. Authorities have agreed to restrict truck access to some terminals at the port at least […] Read more

Caution reigns as Brazil soy farmers eye another record crop

Sao Paulo | Reuters –– Brazilian soy farmers are about to start sowing what could be a third consecutive record crop, but caution is their motto as near-term weather forecasts are less than ideal and low grain prices combined with rising costs are squeezing margins. Soybean planting in Brazil’s leading agricultural states is only allowed […] Read more