Brazil’s antitrust regulator CADE has given the green light to a joint venture between French commodities trader Louis Dreyfus Company and Brazilian soy processor and exporter Amaggi, Reuters reported.
According Reuters, the tie-up will create a digital platform to offer integrated solutions for road freight for shippers and transporters.
The approval comes after Brazil adopted fixed minimum freight prices, part of a deal between the government and truckers to end a strike in May over rising diesel prices that paralyzed the country. The fixed freight pricing raised costs by billions of reais, according to exporters’ associations.
Full Content: Reuters
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