The river would be at its second lowest level since 1970

 

Bulk carriers moving soybeans and corn from Argentina’s main river ports, located in the Rosario region, are accepting less cargo due to falling water levels, which have reached near historic lows. This phenomenon has increased both costs and transport times, according to Reuters.

 

The Paraná River, through which nearly 80% of Argentina’s grains and oilseeds for export are moved, recorded the second lowest level for this time of year since 1970. The only more critical record occurred in 2021.

 

This reduction is forcing vessels loading in the Rosario region to reduce the amount of cargo they move, resulting in the need for a larger number of vessels to move the same volumes of soybeans, corn and wheat. The Rosario Grain Exchange warned that water levels are unlikely to improve in the short term, which could further complicate exports towards the end of the year.

 

In addition, the report highlights that the arrival of the high season for wheat transportation could aggravate the difficulties if the situation persists, generating potential losses for the country’s agro-export industry.

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