# Panama Canal to Tap into Potential of Rising Brazilian Grain Shipments | World Maritime News

> The Panama Canal Authority signed a memorandum of understanding with Aprosoja in Cuiaba to promote grain shipments from northern Brazil to Pacific ports. The deal sets up joint marketing and information exchange on trade flows.

- Date: 2018-03-16 · published 2018-03-16T12:00:00.000Z
- Category: logistics · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/65916-panama-canal-to-tap-into-potential-of-rising-brazilian-grain-shipments-world
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Attracting northern Brazil grain volumes to Panama could shift some soy and corn shipping routes and lower transport costs over time. The near-term price effect is minor.

## Sources

- worldmaritimenews.com: https://worldmaritimenews.com/archives/247391/panama-canal-to-tap-into-potential-of-rising-brazilian-grain-shipments/

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