The negative impact of the increase in maritime freight on Argentine agribusiness trade

게시됨 2021년 8월 9일

Tridge 요약

The article highlights the significant increase in maritime freight costs, reaching a decade high due to increased demand for infrastructure construction and a surge in Chinese agricultural imports, particularly grain. This has resulted in a challenging environment for Argentine exports, with freight costs to Africa and Asia maximizing at 11 years. The Baltic Dry Index, a benchmark for international maritime freight, has seen a dramatic rise, impacting the cost of shipping grains, flours, and vegetable oils. The situation is further complicated by the COVID-19 pandemic, which has caused volatility in demand and fuel values. Although the situation shows no signs of improvement, there is an increase in demand for ships for transporting raw materials, indicating ongoing challenges for international trade and agriculture.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

Maritime freights, at a maximum of 11 years, are added to the conditions for Argentine exports in the 2nd semester, in a context of less grain availability and the Paraná downstream. The routes that became more expensive are Africa and Asia. Since the beginning of the COVID-19 expansion, ocean freight prices have been exposed to strong demand shocks that caused great volatility. During the first months of 2020, freight values fell sharply, reflecting an initial drop in the demand for merchandise, and the collapse of the value of fuels. The current situation a year and a half ago, contrasts markedly with the current panorama of international trade with freight rates reaching maximum in 11 years. The sharp rise in freight rates for the transport of dry bulk cargo is mainly due to the reactivation of infrastructure construction in various regions, which has led to a large demand for iron ore. In addition, the strong increase in imports of agricultural commodities by China has added ...

출처: On24