Corn Export Takeover: Brazil’s steps to make themselves a world leader

Brazil is set to overtake the U.S. this year as the world’s most prominent corn exporter, a move that took years of clearing logistic obstacles.

A 2013 law encouraged grain traders in Brazil to build out new private port terminals. Since then, around $8 billion has been spent to build or expand 112 new facilities. One of those grain terminals helped boost grain export volumes by more than 300 percent.

Last year, it moved 13 million tons of goods. However, storage has not kept up with the country’s production.

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Congress has already approved more than $11 million for design work and $45 million for the first phase of construction, which is set to begin next month.