Brazilian vegetable oils producer Ovetril will increase its grain crops
storage capacity to 270,000 tonnes in mid-April 2007. Currently, the company has
a capacity to store some 165,000 tonnes of grains.
Ovetril is building four new silos in Sorriso municipality, located in
central-western Mato Grosso state. Mato Grosso is one of Brazil's largest
agricultural producing states. At present, the company has another eight silos.
According to Ovetril executive, Pedro de Moraes Filho, the new units
will be used for storing maize from the 2006/07 harvest. The company had
problems in the previous 2005/06 crop year with storing maize due to low
capacity. Thus, maize had to be stored on the ground outside the silos.
Despite the scheduled capacity increase, Moraes Filho expects even
bigger similar problems as Brazil is seen to collect a record high 2006/07 maize
output. The company noted that it will not accept maize once it fills up its
silos. Brazil is projected to collect 49.2 million tonnes of maize in the
2006/07 harvest, up 16% year-on-year.
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