March 18th 2024
Wheat exports from Argentina during the 2023-2024 season
National Holidays:
-Sunday, March 24th
-Extra long weekend, Thursday, March 28th, Friday March 29th, (Easter), Monday, April 01st (Bridge Holiday), Tuesday, April 02nd (Veterans Day)
Grains and Markets:
South Africa is the market for a Supramax of soya bean meal on June dates.
Saudi Arabia is still in the market for a tender (large) of maize in July.
Thais are looking for a Supramax/Panamax of wheat July dates.
Pilotage fees in Argentina:
Pilotage fees will be increased as from April 01st.
This is a lumpsum increase of USD 3,000 basis a voyage from Recalada to Upriver and again, the same amount for the return leg.
Our Disbursements Department is always at your disposal for additional clarification should you require.
Wheat exports from Argentina during the 2023-2024 season:
The Rosario Commercial Exchange (BCR) reports that wheat exports this season are below the yearly average.
Argentina’s wheat harvest for the 2023-2024 season is the second lowest in eight years (14,500,000 tons).
The drought during 2022-2023 (now over) affected production seriously.
Exports between December and February 2024 amount to 3,500,000 tons.
In addition to this, prices basis FOB are 38 per cent below the same period last year.
This is attributed to Russia flooding the market with larger than normal volumes (39,900,000 tons so far). This is 24 per cent higher that the previous year. This is 24 per cent higher that the previous year.
STS BUNKER AT ZONA COMUN FOR NEXT DAYS:
As always, the STS operation is up to the discretion of the Masters of the vessels involved.
Will keep you posted.
Best regards,
Antares Servicios Maritimos S.A.
For more information