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Argentina creates fund to help ease pain from drought-hit Parana river

Maximilian Heath 2 minute read A general view of the Puente Nuestra Senora del Rosario (Our Lady of Rosario) bridge, which links the Rosario city in the Santa Fe Province with Victoria city in the Entre Rios Province, over the Parana River, in Rosario, Argentina July 8, 2021. The lack of rain in Brazil, where the river originates, has brought water levels down in Argentina, forcing cargo ships to reduce the amount of grains that are loaded for export. REUTERS/Agustin Marcarian/File Photo BUENOS AIRES, July 17 (Reuters) - Argentina said on Saturday it would dedicate $10.4 million to help ease the pain caused by an ongoing drought that has seen the Parana River, a key transport route for the country s precious grain crop, wither to its lowest level in 77 years.

Sooner the better : Argentina says talks with IMF on track

Sooner the better : Argentina says talks with IMF on track Reuters 2 hrs ago BUENOS AIRES, July 17 (Reuters) - Talks between Argentina and the International Monetary Fund (IMF) are advancing, the Argentine representative to the development bank said on Saturday, a fresh sign of progress as the ailing South American grains producer continues negotiations to pay down its $45 billion debt to the Fund. A spokesman for the fund on Friday called recent discussions very productive but had declined to provide a timeline for a potential agreement. On Saturday, Argentina seconded that view. We continue to advance in milestones and in areas of agreements. We are well on our way in constructing (the deal), step by step, Sergio Chodos, Argentina s representative to the IMF, told a local radio station, according to a statement from the Argentine government. The sooner the better.

Argentina creates fund to help ease pain from drought-hit Parana river | Hellenic Shipping News Worldwide

Argentina creates fund to help ease pain from drought-hit Parana river | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

Parched Argentine river cuts into grains exports, environmental worries mount

By Syndicated Content By Hugh Bronstein and Maximilian Heath BUENOS AIRES (Reuters) – Ships leaving the Argentine agricultural ports hub of Rosario on the Parana River are having to reduce cargos by thousands of tonnes due to low water levels, the local head of logistics said on Wednesday, amid growing environmental concerns. Dryness in Brazil, where the Parana originates, has diminished cargo traffic and sparked worries by environmentalists about dredging the river below certain depths. The dryness has reduced the amount of cargo that can be carried by ships at the height of the Argentine corn and soy export season. “Handymax ships are leaving port with 9,250 tonnes less cargo than normal and Panamax ships 11,350 tonnes less,” Guillermo Wade, manager of Argentina’s Chamber of Port and Maritime Activities (CAPyM), said in an interview.

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