Brazil minister warns efforts to ensure hydroelectric power will disrupt movement on Parana River

( )

Yesterday, Brazil’s Infrastructure Minister Tarcisio de Freitas said efforts to save water and direct it to power generation will inevitably disrupt navigation on the Tiete-Parana waterway. The country is dealing with its worst water crisis in nearly a century. Freitas will reduce the draft of ships on the Parana river basin, which will disrupt cargo movement from farm states like Parana and Mato Grosso do Sul to ports.

From 2017 to 2019, around 5.6 MMMT of goods were transported along the Parana River system annually.

“If companies are unable to use the river to move goods because water levels fall, they would resort to trucks," Thiago Pera, logistics research coordinator at ESALQ, Sao Paulo University's college of agriculture, told Reuters. "This will raise the cost of freight as diesel prices are rising."


Latest News

First Thing Today | March 31, 2023

Price action was relatively quiet in the grain and soy markets overnight as traders await key USDA report data later this morning.

U.S. hog herd slightly bigger than year-ago

Data was mostly neutral and shouldn't have a direct impact on trade Friday.

After the Bell | March 30, 2023

After the Bell | March 30, 2023

Pro Farmer's Daily Advice Monitor

Pro Farmer editors provide daily updates on advice, including if now is a good time to catch up on cash sales.

Biden’s Trade Policy Comes Under Attack

More U.S. corn to China | State of U.S. dairy industry | Ag checkoffs | FAPRI vs CBO

Ahead of the Open | March 30, 2023

Grain and soy futures are expected to open with a firmer tone this morning on support from HRW crop concerns and bullish corn export demand news as there was another daily corn sale to China.