Argentina: The downspout of the Paraná River generated sharp falls in grain prices

The downspout of the Paraná River affected prices in the ports of Rosario, with sharp falls in relation to Brazil and Paraguay. In the case of corn, the gap climbed to $ 48 per ton in June and is now over $ 30, while in soybeans it was over $ 10 per ton. In the case of oilseed by-products, soybean meal also felt the impact of this situation, with strong drops in relation to North American ports. These logistical complications represent a strong increase in port costs, because the cargo must be completed in the ports of southern Buenos Aires. So far, the sector has calculated that an extra $ 400 million has been disbursed. This situation is known in a complex context for the soy value chain. On the one hand, the retention of grains by producers is beginning to be confirmed and according to private statistics, the industry went from buying 700,000 tons of beans in May to 340,000 in July, a fall of almost 50%. At the same time, the same entity warned that the drop in the quality of ...