Itaqui Grain Terminal to Receive R$ 1.5 Billion in Investments

The expansion project for the Maranhão Grain Terminal (TEGRAM) at the Port of Itaqui has received authorization to build a new docking berth, as well as expand silos and warehouses, with an estimated investment of R$ 1.5 billion.

Approximately 70% of the funding will be provided by Banco do Nordeste.

This terminal handles 97% of the grain production from the Matopiba region, which includes the states of Maranhão, Tocantins, Piauí, and Bahia.

The interactive chart below shows the volume of cargo exports recorded at the Port of Itaqui between January 2021 and August 2024, according to DataLiner data. Click the link below to request a demo.

Export Volume of Itaqui | Jan 2021 – Aug 2024 | WTMT

Source: DataLiner (click here to request a demo)

Project Details

• New Docking Berth: Capacity for up to three ships simultaneously.
• Total Investment: R$ 1.5 billion.
• Start of Works: Expected in the second half of 2025.

Cargo Handling Capacity

• Current Capacity: 16 million tons/year
• Post-Expansion Capacity: 23.5 million tons/year (+30%)

Storage Capacity

• Current Capacity: 500,000 tons
• Post-Expansion Capacity: 800,000 tons

Regional Importance of TEGRAM

• The primary outlet for grains from the Matopiba region (Maranhão, Tocantins, Piauí, and Bahia).
• 97% of regional production passes through TEGRAM.

Projections for the 2032/33 Harvest (Source: Safras & Mercado)

• Soybeans: 36.1% growth, with an increase of 8 million tonnes, reaching 29.9 million tonnes.
• Corn: 34.5% growth, rising from 13.2 million to 17.8 million tons.

Itaqui Port in 2024 – Exports

• Soybeans (SH4 1201): $24.4 billion
• Corn (SH4 1005): $5.4 billion
• Others (chemical pastes, copper ore, iron, aluminum, animal fats): –

Product Expansion

• The first export of sorghum was recently made to the European market (Spain), including sorghum and corn produced in Maranhão and Piauí.

These actions aim to solidify the Port of Itaqui as the largest grain exporter in the Northern Arc of Brazil, which covers states such as Amapá, Amazonas, Pará, Rondônia, and Maranhão.

Source: NE 9

Click here to read the original article: NE 9

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