Argentine regulation to tackle critical issues
NewsNew regulation in Argentina is set to modernise the inspections system for dry cargo, and promises to dramatically increase the efficiency of port clearances.
Argentina to invest USD 550 million in grain port
NewsArgentina ranks among the world’s leading grain exporters, with numerous ports lining the banks of the Parana River for the shipment of agricultural products.
The Argentine government has unveiled plans to allocate approximately USD 550 million towards the construction of a new port in the Rosario region, a vital agricultural centre responsible for over 80% of the nation’s agricultural and agro-industrial exports.
The facility is planned to be built some 50 km north of the city of Rosario, Reuters reported.
“We’re announcing an investment for the construction of a new agro-industrial port in Timbues, on the Parana River,” presidential spokesman Manuel Adorni said in his press conference.
“The investment will be around USD 550 million. Construction will begin this month,” he said, without providing more detail.
Renowned companies like Bunge, Cargill, and Louis Dreyfus operate grain handling facilities along the Rosario port network.
Argentina ranks among the world’s leading grain exporters, with numerous ports lining the banks of the Parana River for the shipment of agricultural products.
The upcoming 2023/24 soybean and corn harvests in Argentina are scheduled to begin next month. Forecasts from the Rosario Stock Exchange project yield 49.5 million metric tons of soybeans and 57 million tons of corn.