# Drought threatens to dry up crucial Panama Canal shipping link - RFI

> Drought has forced Panama Canal authorities to reduce shipping traffic as the two artificial lakes that supply water to the locks have been depleted by lack of rain. Between 21 March and 21 April, water levels in the Alajuela basin fell by seven metres, cutting stored capacity by more than 10 percent.

- Date: 2023-04-30 · published 2023-04-30T12:00:00.000Z
- Category: logistics · region Panama · magnitude medium
- Page: https://feedsoft.ai/events/36304-drought-threatens-to-dry-up-crucial-panama-canal-shipping-link-rfi
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Fewer and smaller ships transiting the canal lengthen routes for US grain and oilseed exports to Asia, raising freight costs and delivered prices for feed ingredients.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- rfi.fr: https://www.rfi.fr/en/international/20230430-drought-threatens-to-dry-up-crucial-panama-canal-shipping-link

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