Global commodity trader Bunge, announced it will acquire 30% of Agrofel, an agricultural inputs reseller in Rio Grande do Sul. Transaction still to be approved by the Brazilian Antitrust Authority (CADE) will increase capillarity with farmers in the region.

Bunge, one of Brazil’s leading agribusiness and food companies, announced an agreement to buy 30% of Agrofel Grãos e Insumos, Brazilian agricultural inputs reseller. The investment is aligned with Bunge’s strategy to focus on its core businesses, thus strengthening its grain origination position in Brazil. “Combining Agrofel´s broad relationship and expertise with local farmers and our logistics and existing origination capabilities in Brazil will be ideal for us to increase our origination capillarity with farmers in of one of the most important soybean growing states,” said Raúl Padilla, Bunge’s Global Operations, President. Agrofel has operated for 42 years, and now has its origination strategy aimed at 15,000 farmers, supported by 38 units, including warehouses and shops, with combined static capacity of almost 450,000 tons, in addition to 470 professionals. The reseller sources more than one million tons of grains annually, including soybeans, corn and wheat. The other companies of Ferrarin Group are not part of the deal. “We share the same values and principles in terms of ethics and sustainable production, and we believe that this transaction will maximize opportunities for both companies to expand their business in Rio Grande do Sul”, said Wilson Ferrarin, Agrofel’s Board Chairman.