Louis Dreyfus Commodities, Cargill win Brazil Port Deal

Louis Dreyfus Commodities and Cargill won an auction on Wednesday to operate a grains area at Santos Port, the first terminal to be leased by the government under a 2012 law meant to bring investment and upgrade infrastructure.

Louis Dreyfus Commodities makes up 60 percent of the winning Consortium LDC Brasil BSL, while Cargill has 40 percent, the consortium said. It offered 303 million reais ($80 million), beating another proposal from Agrovia SA.

The consortium is required to move 3.9 million tonnes by its third year of operation.

Reporting by Priscila Jordão