Argentine soy and corn harvesting is being driven by ideal weather conditions but the lack of rain that is helping farmers bring in crops is also contributing to the shallowness of the Parana River, which has begun to dent agricultural exports, reportsReuters.
Lack of navigability on the river, which carries about 80% of Argentine grain exports, is “an underestimated problem” for exporters, German Heinzenknecht, a meteorologist at consultancy Applied Climatology, said on Thursday.
“The situation on the river is very serious and not expected to get better until late in the year. So navigability on the waterway will worsen,” Heinzenknecht toldReuters.
