October 2, 2007

Bunge signs cargo-handling agreement

Bunge North America has signed a cargo-handling agreement with the Georgia Ports Authority for agriculture products shipments through the Port of Brunswick's Colonel's Island Terminal.

Under the terms of the multi-year agreement, Bunge will coordinate the shipments of all agriculture products through the Port of Brunswick, situated on the coast of the state of Georgia in the US, which will continue to be owned and operated by the Georgia Ports Authority (GPA).

Bailey Ragan, vice president and general manager, Bunge Grain, said that they needed additional port capacity for their grain business in Central and Latin America.

He said the Port of Brunswick is an ideal location with a state-of-the-art facility and the agreement also enables Bunge to expand our origination network along the east coast and to work with the strong local farm community.