Shallow water in Argentina’s Parana River will slow exports from the grains powerhouse and hurt the country’s soy crushing margins at least through September, officials said, as more cargo ships are needed to carry the same amount of commodities, reports Reuters.
Drought has pushed the Parana to its lowest level in decades, complicating transportation and soymeal production. Some ships are running aground.
Impatient buyers are looking to rival exporters Brazil and the United States to fill temporary supply gaps.
