19.
11.20
08:32

Argentina's government must keep grain exports going

The Argentine government yesterday ordered the resumption of contract negotiations between the union and the country's important grain sector in order to keep the strategically important grain export sector going. During the night from Tuesday to Wednesday, crew members of smugglers went on strike to force better pay.
Argentina is a major international supplier of soybeans, corn and wheat and the world's largest exporter of soy feed, which is used to fatten pigs, poultry and cattle in Europe and Southeast Asia.
Strikes are common in the South American country, where employers find it difficult to raise wages in line with high inflation. Port activity has been interrupted by a number of work stoppages in recent months.
Since this year's wheat harvest has not yet started and corn and soy are currently being grown, November is more of a low season.
The strike had started to affect activities in the port center of Rosario, which is responsible for about 80% of Argentina's grain exports. Not all grain ports in the country have to use tugs.

Source
Hansa Terminhandel GmbH
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