Louis Dreyfus Commodities, a global merchandiser of commodities, a major asset owner and a processor of agricultural goods, expects to invest more than $20 million in constructing the facility, which will provide a new outlet for local farmers to sell corn and soybeans to the company for subsequent export at its newly commissioned terminal at the Port of Greater Baton Rouge, La., with an annual capacity of more than five million metric tons.
Louis Dreyfus Commodities expects the Rosedale Port terminal to create up to 10 new jobs by the time it is estimated to begin its operation in the summer of 2014.
“This is a very positive and exciting development for the Port of Rosedale and for the farming community of Bolivar County,” said Robert Maxwell, director of the port. “It will help set the stage for further economic growth and prosperity in out county.”
“We believe that the new terminal at the Port of Rosedale creates significant opportunities for farmers and other members of the surrounding community,” said Mikael Mörn, CEO of Louis Dreyfus Commodities for North America. “We are excited about our partnership with the port and the benefits it will bring to Bolivar County and neighboring communities.”
Louis Dreyfus Commodities has more than 160 years of experience, whose portfolio includes oilseeds, grains, feed, rice, freight, finance, juice, cotton, coffee, sugar, metals, dairy and fertilizers and inputs.
Dedicated to providing sustenance for out planet, they originate, process and transport approximately 70 million tons of commodities around the world annually.
Louis Dreyfus Commodities is present in over 90 countries and employs more than 20,000 people globally at peak season.
In North America they are present at every step of the value chain, with the exception of farming.
The Rosedale-Bolivar County Port Commission is a political adjunct of the bolivar County Board of Supervisors and was created to help develop Rosedale Harbor and the Port of Rosedale to take advantage of the terrific natural resource.
One of the driving forces for the development of the Port of Rosedale is the thriving agricultural industry in Bolivar County and surrounding areas.