Archer Daniels Midland Co said t will expand its footprint in Brazil by acquiring a port terminal to handle grains.

The terminal, located in the northern Brazilian state of Para, will increase ADM's ability to export grains from western and northern areas of the country and expand its fertilizer operations, according to the company.

ADM said it will convert the terminal, which was designed to handle minerals, to handle bulk grains and double the facility's storage capacity to handle 3 million metric tons a year. (Reuters)