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ADM to Build Port Terminal in Nueva Palmira, Uruguay

19.05.2011  |  Business Wire

Facility will connect South American crops with global markets


Archer Daniels Midland Company (NYSE: ADM) announced today the
construction of a port terminal at Nueva Palmira, Uruguay, to meet corn,
soy, wheat and soybean meal demands in Europe, Asia, Latin America and
Africa. Located in the Zona Franca (specialized trading zone),
the terminal will be the only facility at Nueva Palmira with the ability
to load large, post-Panamax and Capesize vessels.


'ADM continues to invest in South America as we expand the size and
reach of our processing and transportation operations in the world′s key
agricultural regions,? said Domingo Lastra, president, ADM South
America. 'As crop production in Paraguay, Bolivia, Uruguay and Brazil
continues to increase, this new port terminal will be an integral part
of regional export operations and will enhance our ability to connect
the South American harvest to homes all over the world.?


ADM′s Nueva Palmira port terminal will have a storage capacity of
180,000 metric tons. It is expected to handle 2.8 million metric tons of
goods in its first year of operation, and it will employ approximately
100 people. Construction will begin immediately and should be completed
in 22 months.

About ADM


Every day, the 29,000 people of Archer Daniels Midland Company (NYSE:
ADM) turn crops into renewable products that meet the demands of a
growing world. At more than 240 processing plants, we convert corn,
oilseeds, wheat and cocoa into products for food, animal feed, chemical
and energy uses. We operate the world′s premier crop origination and
transportation network, connecting crops and markets in more than 60
countries. Our global headquarters is in Decatur, Illinois, and our net
sales for the fiscal year ended June 30, 2010, were $62 billion. For
more information about our company and our products, visit www.adm.com.


ADM Media Relations, North America

+1 217 424-5413

media@adm.com

or

ADM
Media Relations, South America

+55 11 5185-3459

media-sa@adm.com