Sao Paulo / Reuters/ A ship that collided with the main grain terminal at Brazil’s Santos Port could reduce corn and soybean exports from the South American country.
There are fears that if repairs at the Guaruja Grain Terminal at Santos drag on into March, Brazil exports will fall far enough to push up world food prices. In a few weeks, the flow of grains from the centre-west Farm Belt will peak in Brazil. Last week, the dry bulk carrier MV Milagro knocked into the water one of the four grain loaders at Guaruja Grain Terminal, the main soybean, meal and corn export terminal at Santos, which is Brazil’s largest grain port.
