# Brazilian Port Operators Seeking Ways to Reduce Panama Canal Tariffs

> Brazilian port operators, including units of Cargill and Bunge, plan to propose lower Panama Canal tariffs for grain shipments to China. The study argues that shipping via the Cape of Good Hope is about $206,000 cheaper per ship at current tariffs.

- Date: 2019-04-02 · published 2019-04-02T12:00:00.000Z
- Category: logistics · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/59499-brazilian-port-operators-seeking-ways-to-reduce-panama-canal-tariffs
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

If tariffs fall, Brazilian soybean exports to Asia could become cheaper and faster to ship, supporting Brazil's export competitiveness against U.S. supplies.

## Read by commodity

- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-04-02 | [Brazil ports linked to Bunge, Cargill seek lower Panama Canal fees](https://feedsoft.ai/events/59493-brazil-ports-linked-to-bunge-cargill-seek-lower-panama-canal-fees.md) | +0.4% | -6.1% |
| SOY | 2023-12-11 | [Panama Canal drought to delay grain ships well into 2024 \| Reuters](https://feedsoft.ai/events/32462-panama-canal-drought-to-delay-grain-ships-well-into-2024-reuters.md) | +0.9% | -4.8% |
| SOY | 2020-01-13 | [Panama Canal to Adopt Measures to Ensure Water Availability & Route's Reliability - Autoridad del Canal de Panamá](https://feedsoft.ai/events/54983-panama-canal-to-adopt-measures-to-ensure-water-availability-and-route-s.md) | -0.6% | -5.4% |
| SOY | 2023-08-21 | [Focus: Historic drought, hot seas slow Panama Canal shipping \| Reuters](https://feedsoft.ai/events/34460-focus-historic-drought-hot-seas-slow-panama-canal-shipping-reuters.md) | +1.3% | -3.4% |
| SOY | 2023-07-27 | [Grain Journal \| USDA Grain Transportation Report (7/27): Panama Canal…](https://feedsoft.ai/events/34948-grain-journal-usda-grain-transportation-report-7-27-panama-canal.md) | -7.5% | -12.1% |

## Sources

- gcaptain.com: https://gcaptain.com/brazilian-port-operators-panama-canal/

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