Brazil’s government conducted the first of many expected lease auctions for public port areas. Three lots were auctioned, all in the port of Santos. Some lots in Vila do Conde, in the amazon state of Pará were withdrawn due to lack of interest just two days before the event.
The LDC consortium, formed by grain trading companies Louis Dreyfus and Cargill, won the lot in Ponta da Praia for R$ 303 million. Fibria, the world’s largest eucalyptus pulp producer won the lot in Macuco for R$ 115 million. The third lot, in Paquetá, was won by port operator Marimex, the only bidder at R$ 12.5 million. Tegram, CGG Trading’s grains terminal in the amazonian state of Maranhão has smashed this year’s soy and corn export estimates, reaching 3.4 million tons compared to the 2 million targeted. The target for 2016 has been increased from 4 million to 4.5 million tons and the second phase of terminal development has been earmarked to begin in 2017, when construction of a second berth will begin.