March 17th 2023
Drought, idle crushing capacity, and soya bean imports
ANTARES: We attach to this News a flyer with the full detail of all our staff and offices for your ready reference.
Weekend duty staff: (Friday March 17th noon, until Monday March 20th, 2023 0800 hrs)
HQ Buenos Aires:
German Stoppo +54 9 11 6434 1673
Nicolas Fichi +54 9 11 5578 4559
National Holidays: Friday March 24th
Grains and Markets:
South Korea remains active in the market. MFG bought 135,000 tons of maize on late August dates, and KFA bought 68,000 tons of maize for early August. Origin unreported.
Algeria wanting 35,000 tons of maize on April dates.
Turkey has purchased 18,000 tons of sunflower seed oil, mid-March to end April dates.
Drought, idle crushing capacity, and soya bean imports:
CIARA, the Argentine Chamber for VegOil Industry has announced that 70 per cent of their capacity is idle due to the drought and severe shortage of beans for crushing.
During February 2023 farmers sold 622,000 tons of soya to the crushing mills.
During February 2022 farmers had sold 1,700,000 tons of soya to the crushing mills.
Estimations are that farmers still sit on 6,000,000 tons stock from previous harvests.
Harvesting of what is left of the soya harvest starts now, mid-March.
Today the Buenos Aires Grains Exchange announced their latest forecast for soya. Down to 25,000,000 tons.
The “Ball Park” figure for soya imports to sustain the crushing industry is now 8,000,000 tons over 2023. Brazilian soya will come by sea, Paraguay, and Bolivia by barge down the Paraguay and Parana Rivers.
Soja Forecast 2023 harvest
Withered soya on the Pampas
San Nicolas Port Administration:
The San Nicolas Port Administration has announced that (effective immediately) a new penalty for “unproductive” time is going to be levied on vessels that, according to their criteria, cause delays.
The tariff is to be calculated at USD 3,500.00 per hour.
Reasons for levying the penalty, amongst others, are delays in berthing or vacating berths that they consider attributable to the vessel and delays during loading or discharge.
Since the considerations of this penalty are wide and at their exclusive decision, we have asked for a meeting to obtain clarification.
San Nicolas is a port used principally for discharge and transshipments of bulk fertilizers, coal and occasionally loading alcohol.
Puerto Buitrago, which is a private port belonging to Siderar Steel Mill, is not included in the new regulation.
Bunker deliveries at Zona Comun:
STS BUNKER AT ZONA COMUN FOR NEXT DAYS:
As always, the STS operation is up to the discretion of the Master’s of the vessels involved.
Will keep you posted.
Best regards,
Antares Servicios Maritimos S.A.
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