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Bunge to buy 30% of Agrofel

Bunge to buy 30% of Agrofel

US agribusiness Bunge has agreed to buy 30% of Brazilian agricultural firm Agrofel Grãos e Insumos, based in Rio Grande do Sul state. , Bunge to buy 30% of Agrofel. acAgrofel receives and stores soyabeans, corn, wheat and grains, as well as selling seeds, fertilisers and pesticides to farmers.Bunge said on 12 September that the investment aligned with its strategy to focus on its core businesses, thus strengthening its grain origination position in Brazil. Agrofel sourced more than 1M tonnesof grain annually, including soyabeans, corn and wheat, from some 15,000 farmers, Bunge said. The firm is supported by 38 units, including warehouses and shops, with a combined static capacity of almost 450,000 tonnes.

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