Historic low Paraná River forces Argentina to reduce agricultural cargo shipments by 25%

Bulk ships departing from the Argentine agro-port pole of Rosario are having to leave the terminals with 25% less cargo than normal due to the historic low of the Paraná River, which is not expected to improve in the coming months, announced CAPyM, (the chamber of private and commercial ports) on July 23.

Paraná is the waterway through which 80% of Argentina’s agricultural industry exports are shipped abroad. Argentina is an important global food producer.

However, due to prolonged water scarcity in the Paraná basin in southern Brazil, the river is currently at its lowest level in 77 years.

“Currently ships are carrying around 25% less than they normally do when the river is at normal levels,” CAPyM manager Guillermo Wade told Reuters.

“If the situation does not improve, and there is nothing to suggest that it will, we will be losing 40% of what ships usually carry when water levels are normal,” he added.

Source: Money Times

To read the full original article, visit the link:

https://www.moneytimes.com.br/baixa-historica-no-rio-parana-obriga-argentina-a-redutor-25-das-cargas-agricolas-em-navios-diz-camara/

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