The Chamber of Private Commercial Ports of Argentina said on Thursday (21.12.2017) that it had agreed with a trade union and companies in the sector to reduce port fees at the agricultural terminals in Bahía Blanca and Quequén, in the south of the province of Buenos Aires.
According to the organization, the agreement will mean a 30% reduction in reception costs of grains and a Reduction of more than 40% in the value of shipment of grains for export, something key for the South American country since it is one of the largest food exporters in the world.
The reduction will have "a significant impact on the country's competitiveness and on the pockets of Argentine producers"This was achieved through joint and collaborative work with the Ministry of Transport," said Luis Zubizarreta, president of the chamber, in a statement.
In recent months, agricultural export companies have managed to reduce operating costs in the Rosario agricultural port area, Argentina's main one, thanks to government intervention, which seeks to boost agricultural exports.
Bahia Blanca and Quequen These are the two largest agricultural ports in the country after Rosario. 80% of Argentina's grains and agro-industrial products are shipped in the Rosario area, but many ships complete their loading at terminals south of Buenos Aires because the waters there are deeper.
Argentina is the world's largest exporter of soybean oil and meal, the third largest exporter of corn and a key supplier of wheat.
Source: Reuters
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