Ships transporting cargo from Argentina’s Rosario grain hub through the Parana River are having to reduce their cargoes after a bank collapse obstructed the navigation channel, exporters told Reuters.
Dredgers are working in the Parana to the south of the Rosario complex to try to restore the necessary depth of water for export traffic, but at present have no estimate of when normal operations on the grains superhighway can resume.
The water level on the Parana River has already fallen to a near 50-year low, hampering export traffic and causing local industry $244 million in losses over the past four months.
