# Low river, COVID measures hamper Argentina’s agricultural exports - Grain Central

> Near 50-year low water levels on the Parana River at Rosario are forcing vessels to load up to 20% less than maximum, costing Argentine industry an estimated US$240 million so far this year. The river carries about 80% of Argentina's agricultural exports, and exporters face higher freight or delays to top off at Atlantic ports.

- Date: 2020-04-28 · published 2020-04-28T12:00:00.000Z
- Category: logistics · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/53490-low-river-covid-measures-hamper-argentina-s-agricultural-exports-grain-central
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Reduced loadings and higher freight costs cut Argentine export capacity for soybean meal, grain and oilseeds, supporting meal prices and ocean freight rates while tightening available supply in international markets.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-06-25 | [Argentina's grain exports halt in strike against Macri - Grainews](https://feedsoft.ai/events/64373-argentina-s-grain-exports-halt-in-strike-against-macri-grainews.md) | -1.9% | -3.3% |
| SBM | 2020-05-28 | [Parched Parana River likely to hit Argentine grain exports through September](https://feedsoft.ai/events/52969-parched-parana-river-likely-to-hit-argentine-grain-exports-through-september.md) | +1.5% | +1.7% |
| SBM | 2024-06-12 | [Workers to halt grain exports in Argentina against Milei’s reforms \| Buenos Aires Times](https://feedsoft.ai/events/13919-workers-to-halt-grain-exports-in-argentina-against-milei-s-reforms-buenos-aires.md) | +0.8% | +2.6% |
| SBM | 2019-05-29 | [Strike halts grain exports in Argentina \| 2019-05-29  \| World Grain](https://feedsoft.ai/events/58924-strike-halts-grain-exports-in-argentina-2019-05-29-world-grain.md) | +2.6% | +0.9% |
| SBM | 2019-06-04 | [Strike halts grain exports in Argentina - U.S. Identity Preserved Alliance](https://feedsoft.ai/events/58440-strike-halts-grain-exports-in-argentina-u-s-identity-preserved-alliance.md) | -2.2% | -4.9% |
| SOY | 2018-06-25 | [Argentina's grain exports halt in strike against Macri - Grainews](https://feedsoft.ai/events/64373-argentina-s-grain-exports-halt-in-strike-against-macri-grainews.md) | -4.0% | -5.2% |
| SOY | 2024-06-12 | [Workers to halt grain exports in Argentina against Milei’s reforms \| Buenos Aires Times](https://feedsoft.ai/events/13919-workers-to-halt-grain-exports-in-argentina-against-milei-s-reforms-buenos-aires.md) | -0.3% | -3.0% |
| SOY | 2019-05-29 | [Strike halts grain exports in Argentina \| 2019-05-29  \| World Grain](https://feedsoft.ai/events/58924-strike-halts-grain-exports-in-argentina-2019-05-29-world-grain.md) | +3.0% | +5.5% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/low-river-covid-measures-hamper-argentinas-agricultural-exports/

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