Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Mitsubishi to Take Control of Brazil’s Ceagro for Grain Supplies

June 3 (Bloomberg) -- Mitsubishi Corp. will take control of grain supplier Los Grobo Ceagro do Brazil S.A. as Japan’s biggest trading company seeks to boost corn and soybean supplies to meet Asian demand.

A Brazilian unit of Mitsubishi will purchase 60 percent of Goiania-based Ceagro to raise the Japanese company’s stake to 80 percent, it said today in a statement. The Japanese company will spend 50 billion yen ($497 million) to raise its stake in Ceagro, the Nikkei reported June 1, without saying where it got the information.

Ceagro trades 1 million metric tons of grain a year, and also supplies seeds, fertilizer and agricultural chemicals. Mitsubishi’s Brazilian unit currently trades about 2 million tons of grain a year, according to the statement.

The purchase will help Mitsubishi improve grain handling logistics in Brazil and bolster supply as it seeks to increase grain trading to 20 million tons annually by 2020, the Tokyo-based company said, without giving a comparative figure for current volume. Mitsubishi is targeting grain producers in North and South America and Australia to help meet demand in Japan, China and southeast Asia, it said in the statement.

Japanese traders have spent more than $4 billion buying grain-supply firms in the last three years led by Marubeni Corp.’s $3.6 billion purchase of Gavilon Group LLC in the U.S. Mitsui & Co. invested about $459 million to take control of Brazil’s Multigrain SA in 2011.

To contact the reporter on this story: Yuriy Humber in Tokyo at

To contact the editor responsible for this story: Andrew Hobbs at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.