08.
08.18
10:18

Freight rates for Argentina's riverboats are rising because of low tide

Unusually low water levels are currently also available in Argentina. The Parana'River carries so little water that in the port of Rosario only 3,200 to 4,300 tons of goods are handled.
The Parana River is used for about 80% of all Argentine agricultural exports. A drought in southern Brazil, where the river rises, has lowered the river level by 50 cm.
Argentina is the world's largest exporter of soybean meal and soybean oil, as well as the third largest exporter of corn and one of the world's leading wheat producers.
The Rosario grain exchange announced yesterday that the freight rates are rising soon, as the ships can no longer be fully utilized. In the coming weeks, it will rain in the south of Brazil until it affects the water level in Rosario, but it still takes 30 days.

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