# Icofort eyes R$1.2bn revenue with new plant in Mato Grosso

> Brazilian cottonseed processor Icofort inaugurated a 259,000 square meter plant in Nova Mutum, Mato Grosso, with capacity of 216,000 tonnes of cottonseed and 108,000 tonnes of refined oil. The company targets R$1.2 billion revenue for the 2024/25 season.

- Date: 2024-11-29 · published 2024-11-29T12:00:00.000Z
- Category: trade · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/27515-icofort-eyes-r-1-2bn-revenue-with-new-plant-in-mato-grosso
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Added crushing capacity in Mato Grosso will increase domestic cottonseed meal supply in Brazil over time, a modest bearish factor for cottonseed meal prices.

## Read by commodity

- CSM: bearish ▼

## Sources

- valorinternational.globo.com: https://valorinternational.globo.com/agribusiness/news/2024/11/29/icofort-eyes-r12bn-revenue-with-new-plant-in-mato-grosso.ghtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.