Brazil private ports move 11% more cargo in Q1, driven by co

Brazil private ports move 11% more cargo in Q1, driven by commodities trade – ATP lobby


Brazil private ports move 11% more cargo in Q1, driven by commodities trade – ATP lobby
Brazil’s private port terminals moved some 185 million tonnes of cargo in the first quarter, an 11% annual increase driven mainly by trade in mineral and agricultural commodities, data compiled by private port lobby group ATP showed on Tuesday.
Movement of wood products and other pulp byproducts including paper rose the most among all cargos, by 26.5%.
Oil and certain byproducts, up 19.5%, as well as iron and iron ore cargos, up 17.5%, also boosted cargo movement in the first quarter, ATP data showed.
Private terminals operated by firms like miner Vale SA , Petrobras Transporte SA (Transpetro), and U.S.-based grain merchants Cargill Inc and Bunge Ltd, account for about two-thirds of Brazil’s overall port cargo, Murillo Barbosa, head of ATP, told Reuters on Tuesday.

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