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National & World Ag News Headlines |
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Argentina Agrees to Contract with Parana River Dredger
USAgNet - 09/13/2021
Argentina's government has agreed to a short-term deal with Belgian firm Jan de Nul to dredge the Parana River, a government source said on Friday (Sept. 10).
According to Reuters, the move is aimed at helping ships with grain exports navigate the waterway, which currently is at its lowest level in 77 years due to a severe drought in Brazil where it begins.
While the state has a plan to take a more direct role managing the river, the feed industry worries about possible tariff increases.
Argentina is a key global wheat supplier, the world's No.2 corn exporter, and top exporter of soy oil and meal, used to fatten hogs and poultry from Europe to Southeast Asia.
Some 80% of farm exports travel along the Parana to the ocean.
The Parana has been managed for decades by Jan de Nul, but the government this year handed management to the National Ports Administration (NPA), which plans a new tender.
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