Glass South America
SAO PAULO,(Reuters) - Brazil could compete better in global agriculture markets if it increased infrastructure investment and diversified its transport network, an executive at COFCO International, the Chinese commodities trader, said on Monday.
Eduardo Gradiz Filho, head of grains and oilseeds for COFCO in the country, said at an agribusiness conference that Brazil’s port infrastructure is adequate but the country still relies too much on trucks to ship farm products, which is inefficient.
Positive economic news from Latin America (LATAM) about its Q2 gross domestic product growth increasing 1.1% annually – its best results in over three years – confirms the region’s economic recovery is gaining traction.
This could be one of many reasons that the Global Interconnection Index, a recent market study published by Equinix, predicts LATAM could be the fastest-growing region worldwide in terms of Interconnection, potentially increasing 62% annually between 2016 – 2020.