# Palm Oil News - The Decreasing Water Debit in Parana River, Argentina Made Soyoil and Biodiesel in Brazil More Expensive

> Low water levels on the Parana River in Argentina, at 9.44 meters at San Lorenzo on September 20, forced tanker ships to cut loads by up to 12.5 percent. This tightened soyoil supply for Brazil and widened the Paranagua premium to CBOT to about 8 cents per pound from roughly 1.8 cents.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: logistics · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/28406-palm-oil-news-the-decreasing-water-debit-in-parana-river-argentina-made-soyoil
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Barge and tanker constraints raise soyoil delivered costs in Brazil, supporting soyoil prices and pushing biodiesel feedstock costs higher, which can also lift demand for alternative vegetable oils.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-09-30 | [Palm Oil News - The Lack of Soyoil in Brazil Made Supply Crisis to Biodiesel Production](https://feedsoft.ai/events/28408-palm-oil-news-the-lack-of-soyoil-in-brazil-made-supply-crisis-to-biodiesel.md) | +0.5% | +2.2% |
| SBO | 2021-09-28 | [Argentine exports of soy and oil products down $620 mi due to low water level on Paraná River - DatamarNews](https://feedsoft.ai/events/44929-argentine-exports-of-soy-and-oil-products-down-620-mi-due-to-low-water-level-on.md) | +0.7% | +8.1% |
| SBO | 2021-07-09 | [Drought brings shipping of soy products on Paraná River in Argentina to a halt](https://feedsoft.ai/events/45898-drought-brings-shipping-of-soy-products-on-parana-river-in-argentina-to-a-halt.md) | +3.0% | +1.4% |
| SBO | 2022-01-11 | [Shallow Parana river pressures Argentinian FOB soybean meal, oil basis levels \| S&P Global](https://feedsoft.ai/events/43209-shallow-parana-river-pressures-argentinian-fob-soybean-meal-oil-basis-levels-s.md) | -0.7% | +6.7% |
| SBO | 2026-08-04 | [Argentina grain exports halt as maritime pilots strike over Milei decree \| Labour Rights News \| Al Jazeera](https://feedsoft.ai/events/13783-argentina-grain-exports-halt-as-maritime-pilots-strike-over-milei-decree-labour.md) | +0.5% | +4.3% |
| PALMOIL | 2024-09-30 | [Palm Oil News - The Lack of Soyoil in Brazil Made Supply Crisis to Biodiesel Production](https://feedsoft.ai/events/28408-palm-oil-news-the-lack-of-soyoil-in-brazil-made-supply-crisis-to-biodiesel.md) | +9.1% | +9.7% |
| PALMOIL | 2019-03-06 | [Boston Herald - Boston news, sports, politics, opinion, entertainment, weather and obituaries - Red Sea attacks impacting global trade as more shippers ban the area due to Houthi militants](https://feedsoft.ai/events/60003-boston-herald-boston-news-sports-politics-opinion-entertainment-weather-and.md) | -1.7% | -0.7% |
| PALMOIL | 2023-03-30 | [Sunflower prices in Ukraine are recovering after falling to the lowest level of the season](https://feedsoft.ai/events/36978-sunflower-prices-in-ukraine-are-recovering-after-falling-to-the-lowest-level-of.md) | -1.1% | -4.0% |

## Sources

- en.infosawit.com: https://www.en.infosawit.com/news/14571/the-decreasing-water-debit-in-parana-river--argentina-made-soyoil-and-biodiesel-in-brazil-more-expensive

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.