Bunge's bid to extend Brazil grains port deal blocked by injunction
Reuters
4 hrs ago
SAO PAULO, April 14 (Reuters) - A bid by agricultural commodities trader Bunge to extend its dominant role at a strategic Brazilian port's public terminal for two years has been blocked by a temporary court decision, according to documents seen by Reuters.
The decision is the latest twist in a long-running dispute between Bunge's port agent Litoral Soluções and rivals who complain it has been granted a virtual monopoly at the public terminal, which sits adjacent to two private terminals, one owned by Bunge itself and another by a local unit of Japan's Marubeni called Terlogs.