A new soya terminal in Miritituba, Brazil will start exports in July this year, easing pressure on crowded southern ports.

Bruno Serapião, CEO of logistics company Hidrovias do Brasil, said in a Reuters report that the US$384M terminal would serve international traders such as Noble Agri and Nidera – both controlled by Chinese food giant COFCO – and Multigrain, a Brazilian subsidiary of Japan's Mitsui.

The terminal is located on the Tapajos river in Pará state and will have the capacity to move up to 6.5M tonnes within five years.

Soyabeans trucked up some 1,100km from Mato Grosso state on the BR-163 highway would be loaded onto barges at the terminal, and then taken along the Amazon river to the coastal port of Barcarena, the report said.

The voyage would cost less and be faster than trucking 2,000km from Mato Grosso to the main ports of Santos and Paranaguá in the southeast, Serapião added.

In 2014, agribusiness giant Bunge also teamed up with the Amaggi group to open a new export route, with a port complex in Miritituba linking to the Port Terminal Border North (Terfron) in Barcarena,

According to Bunge, most of the soyabeans and corn shipped from Barcarena was destined for Asia and Europe. By the end of 2015, Terfron was expected to be the second largest export terminal of Bunge Brazil, after TGG (Bulk Terminal Guaruja) at the Port of Santos, which exported about eight million tonnes in 2013.