Latest News

Rumo states Brazil grain harvest could help it to operational record in 2025

Brazil's 2024/25 grain harvest, which is currently being planted, might assist logistics business Rumo reach a new functional record in 2025, the company's chief executive on said Monday.

An extremely strong soybean harvest is shaping up, and the corn harvest will definitely be strong too. We wish to have in 2025 another year that sets a functional record for the company, and we are very optimistic, said Pedro Palma during an event arranged by BTG Pactual.

He did not detail the anticipated volumes.

After an initial hold-up due to a drought in central Brazil, soybean planting in the 2024/25 season took off with the arrival of rains and reached 54% of the forecasted area recently, the 2nd greatest rate on record, consultancy AgRural said on Monday.

The velocity in soy planting likewise brings a positive sign for the nation's 2nd corn harvest, planted after the soybeans are harvested on the very same fields.

In addition to the optimism about next year's harvest, Palma said that Rumo will likewise be focused next year on the shipment of a logistics terminal in the state of Mato Grosso, arranged for 2026.

Grain cargo accounts for a large part of the products transported by Rumo, which is likewise seeing growth in corn ethanol deliveries, considering that the production of the biofuel has been increasing in the nation.

There is a strong need for this cargo to be transferred from rural Brazil, so today Rumo's main fuel circulation is no longer oil-based fuel leaving Paulinia (in Sao Paulo state) to provide agricultural producing areas, as it remained in the past, Palma stated. Today the main flow is corn ethanol.

According to him, offered the growing production of ethanol in Mato Grosso, Rumo is forced at times to take empty wagons to the state in order to satisfy this demand.

(source: Reuters)