# Brazil Ports Linked to Bunge, Cargill Seek Lower Panama Canal Fees | Feed & Grain

> Brazilian port operators linked to Cargill and Bunge plan to propose lower Panama Canal tariffs. They argue that shipping grain from northern Brazil via the Cape of Good Hope is about $206,000 cheaper per ship than using the Canal.

- Date: 2020-12-01 · published 2020-12-01T12:00:00.000Z
- Category: logistics · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/49547-brazil-ports-linked-to-bunge-cargill-seek-lower-panama-canal-fees-feed-and-grain
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

If canal fees fall, Brazil-to-China grain freight could become cheaper and faster by 4-5 days, which would ease ocean freight costs for Brazilian exports. Lower freight would tend to weigh on freight rates.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- feedandgrain.com: https://www.feedandgrain.com/grain-supply-chain/news/15395784/brazil-ports-linked-to-bunge-cargill-seek-lower-panama-canal-fees

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