Historic low river levels force Argentine grains ships to cut cargoes by 25%, ports chamber says

Argentina is a major corn and wheat exporter and the world’s top supplier of soymeal livestock feed.

RIO DE JANEIRO, BRAZIL - (Reuters) Ships leaving the Argentine grains hub of Rosario on the Paraná River are having to cut cargoes by 25% due to severely low water levels, the head of the local ports chamber said on Friday, with no relief in sight and the area expected to stay dry for months.

The Paraná, which carries some 80% of Argentina’s farm exports, is at a 77-year low level amid prolonged dryness upriver in Brazil, which has impacted shipments of the country’s key exports, including soy, wheat, and corn.

Dryness in neighboring Brazil, where the river . . .

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