Heavy Rains Close Key Brazilian Soybean Corridor
Shutdown has prevented shippers from moving soybeans from Mato Grosso to ports on the Amazon River
Heavy rains in February have resulted in the temporary shutdown of Brazil’s largest roadway – BR-163 – that has prevented shippers from moving soybeans from major-producing area Mato Grosso to ports on the Amazon River for eventual shipment to export loading facilities in ParáState.
According to a report from U.S Soy, the problem began in late-February and has continued into early March before culiminating in a section of the highway being closed on March 3rd.
Brazil’s Infrastructure Minister Tarcisio Freitas told reporters in late-January that the government would likely put out bids up for private auctions with completion of paving the remainder of BR-163 along with another strip of roads going from the highway to the river port of Miritituba to come by the end of 2019.