Discovering Opportunities in Brazil - Agrobusiness

Bunge and Santander launch line to expand soya beans production without deforestation in Brazilian Cerrado forest

Covering 9 states in the southeastern, midwestern and northeastern regions of Brazil, the Brazilian Cerrado forest will have a financing line of US $ 50 million, with attractive rates varying between 6% and 11% per year, sponsored by Bunge, Santander Brasil and the TNC (The Nature Conservation) organization. The objective is to stimulate the expansion of soya bean production in areas already degraded in the cerrado of Brazil, says the largest global exporter of oilseeds. According to TNC calculations, the Brazilian Cerrado has more than 25 million hectares of land that has been deforested in the past and which are suitable for the expansion of soya beans.

Source: Folha de S. Paulo Newspaper – Economics - 083018

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