Argentina: Ship cargo collapsed to its worst level in history

Published 2022년 2월 8일

Tridge summary

Record low tonnage of cargo ships passing through the ports of Greater Rosario due to the falling Paraná River. The average cargo load was at its lowest since records began in January, with the river height also at a worrying low due to a lack of rain in South America. Despite these logistical challenges, exporting companies were able to maintain good foreign exchange earnings in the first month of 2022, liquidating $2,441,646,546 in agro-exports, an increase of $301.2 million compared to the same month in 2021.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the midst of the arrival of wheat at the ports of Greater Rosario after the last harvest, due to the drop in the Paraná River, the average cargo of ships last month was at the lowest tonnage since records were kept. This was reported by the Rosario Stock Exchange (BCR) in a report released today. Strictly speaking, last January, more than 160 vessels for cargoes of grains, flours and vegetable oils passed through these ports. "The load of these ships averaged 29,084 tons, almost 11% below the average load of January 2021," the entity said. He explained that "the average tonnage of ships in January was the lowest on record." For the specific case of corn cultivation, in August of last year an average load of 28,400 tons had been registered. For that product at that time, the entity mentioned that it was "the lowest number in at least three years." In this context, last month the height of the river also showed a worrying level, according to the report released today. “The lack ...

Source: Campototalweb