Louis Dreyfus, a France based French trader has bought over the cotton seed processing business of Brazilian agribusiness group Maeda Agroindustrial.
With the acquisition of the plant located in center-western state of Goias, Louis Dreyfus will more than double its capacity in Brazil.
Cotton seed processing capacity of Louis Dreyfus is expected to jump from the current 140,000 tons per year to 300,000 tons per annum.
The current cotton seed processing plant of Louis Dreyfus is located in Sao Paulo state. The centre-west region of Brazil accounts for 60 percent of the cotton output in the country.
Fibre2fashion News Desk - India
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