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Low water levels in Argentina's Paraná River are forcing exporters to reduce the size of cargo, the head of local logistics said in a report by Reuters on July 15th.
“The Handymax ships are leaving the port with 9,250 tons less cargo than normal and the Panamax ships 11,350 tons less,” said the manager of the Chamber of Port and Maritime Activities (CAPyM) of Argentina, Guillermo Wade, in a interview on July 14th.
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Around 80% of Argentina's agricultural exports are shipped from the agricultural port centers of Rosario, Paraná, according to the report.
Environmental groups told Reuters who are concerned about the impact of dredging the river below a certain depth.
Paraná's shallowness threatens to cost the country's grain producers and exporters almost US$$ 315 million over a six-month period through August, the Rosario grain exchange reported, according to Reuters .
Argentina is the world's largest exporter of soybean meal for animal feed and the third largest exporter of corn, according to Reuters .
Source: Oils & Fats International (OFI)
This text has been automatically translated from English.
