Biofuel firm invests in Brazil
Biofuel firm Monsanto is investing in a new large-acre row crop of sugarcane in Brazil.
Those considering buying property for sale in Brazil could be interested to hear the news which suggests the nation is fit for investment.
According to a statement released by the company, the move is to diversify its existing core crop portfolio and to leverage its experience to bring innovations to the agricultural marketplace.
Carl Casale, executive vice president of global strategy and operations for Monsanto, said: "Global demands for raw sugar and biofuels are beginning to rise at a faster pace than the current production levels in sugarcane, a crop that is essential to meeting these demands."
He added that the firm views the investment in Brazil as a significant opportunity over the long term to supplement its ongoing commitment to the vital sugarcane crop.
Meanwhile, it was reported by the Economic Times that the Brazilian property investment market is ideal for buyers.
