All regional business lines, and particularly Grains & Oilseeds and Global Markets, delivered positive results despite the effects of Covid-19, summer drought in the southern hemisphere and currency fluctuations in Latin America.
Anticipation & Resilience
Anticipating Covid-19 impacts and the effects of local currency uncertainty on farmer selling behavior allowed us to capture opportunities, keep assets running and avoid commercial defaults, despite operational challenges and increased costs.
Automation & Digitization
We drove efficiency and new business through automation and digitization, introducing dashboards for farmer selling and export records in Argentina, automating rainfall record analysis from over 250 weather stations, and digitizing contracts and payments throughout the Region.
Head of South & West Latin America
“In an increasingly connected world, digitizing flows, research and data analyses is a must, both to secure future business and offer farmers, customers and other partners more comprehensive support and services.”
More Regional Highlights
In Argentina, we invested over US$21 million in maintenance and various enhancements for our facilities, including rail connections to support agriculture logistics in the north of the country.
We began the qualification process to start exporting soybean meal from Argentina to Australia, running detailed audits to determine any quality, safety and infrastructure changes needed to meet strict zero cross-contamination requirements.
We renovated our Villanueva coffee mill in Honduras by re-engineering the production line and adding a state-of-the-art dust extraction system, which will increase processing efficiency by 60%.
We successfully started our cotton origination business in Mexico, aiming to double sales volumes in 2021.
Although we closed our coffee origination operations in Peru, we continued to support the country’s producers through the purchase of Free On Board coffee from selected suppliers.
increase in processing efficiency at Villanueva, Honduras, following enhancements
reduction in operating times for fertilizer activities, through technical upgrades at five assets in Argentina
cotton exporter in Argentina for second year running
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