Comments for Brazil Savannah Becomes Magnet for Multinationals Despite Poor Infrastructure at http://www.brazzilmag.com , comment 0 to 1 out of 1 comments http://www.brazzilmag.com Thu, 21 Aug 2008 20:05:15 +0100 FeedCreator 1.7.2 http://www.brazzilmag.com/content/view/7129/1/#pc_4430 Are Perdigao, Maggi Group and Galvani considered as MULTINATIONALS entities ! Yeahhhh quite a news. Strange that there is not a word on the true Multinationals such as Bunge, ADM and Cargill. But they are not new in Brazil. Between the 3 they already closed this year over a dozen plants/mills because they were unprofitable. And all of them decided to sharply reduce their forward investments for the grains. On the other hand they increased their investments for ethanol and poultry....but not in the cerrado area. Thus the boom mentionned is quite relative or the news is quite old, knowing that farm land prices dropped shrply during the last 2 years. And in booming times, land prices dont go down....to my knowledge. Something doesnt match. Rosy numbers when they are quite bleak usually hides the reality. - ch.c. Thu, 24 Aug 2006 20:36:03 +0100