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Prices at the Pumps - April 17, 2024 #saltwire #energymarkets #pricesatthepumps #gaspricesASUNCION - Paraguay is headed for a record soybean harvest but exporters are worried about low river levels that are slowing shipments along the key Paraguay-Paraná waterway, with a drought in central-west Brazil affecting water levels running downstream.
"Low rivers mean the barges can't carry as much, and that slows down the entire process," said Sonia Tomassone, foreign trade adviser at the Paraguayan Chamber of Oilseed and Cereal Exporters . But while soy exports were strong in January and February, they slowed down in March as water levels dropped, linked to dry weather up-river in Brazil's Pantanal region, according to CAPECO.Waterways that move barges to seaports down river in Argentina and Uruguay are essential for Paraguay. Roughly 80% of all grain exports in the first quarter of 2024 traveled along rivers, according to Paraguay grains crushing chamber CAPPRO.
"The departure of trucks is very slow," Tomassone said."Unless the weather forecasts improve, the coming months are not very encouraging ."
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