May 10th 2024
Grains and Markets
Weekend duty staff: (Friday May 10th, until Monday May 13th, 2024 0800 hrs.)
HQ Buenos Aires:
Gastón Nicolas Cabrera +54 9 11 5578 4559
Horacio Vázquez +54 9 11 5578 4554
Upriver:
Fernando Marini +54 9 11 2645 0537
Sebastián Ferrara +54 9 11 3156 1679
Lautaro Álvarez +54 9 11 6656 1678
Lorenzo Olmedo +54 9 11 5597 8590
Walter Néstor Travaglini +54 9 11 3156 1680
National Holidays:
May 25th, 2024
GENERAL STRIKE – MAY 09TH
Today, Thursday, a General Strike was called out by the General Workers Federation (CGT) for a 24 hour period.
The strike is to protest a new labor employment law that has been approved in the House of Deputies and is now up for a vote in the Senate and is sponsored by the new Government that was voted in (with 56 per cent of the vote) December.
All the unionized staff, especially transport, joined in and operations at all ports, mooring gangs and pilot boats did not render services.
Movement and vessel operations in all ports were stopped.
It is expected that work will resume as from midnight.
Grains and Markets:
South Korea’s MFIG has bought a Panamax full of Brazilian maize on June-July dates.
Bangladesh is in the market for a Supramax of soya beans in August.
Egyptians (GASC) are looking for 30,000 tons of soya bean oil plus 10,000 tons of sunflower seed oil, June-July.
Colombians are in the market for a Supramax of maize during June.
Taiwan and Koreans are also smelling around for Panamaxes of maize for July.
Updated forecast for maize and soya beans being harvested:
This week’s forecast prepared by the Buenos Aires Grains Exchange maintains the total at 46,500,000 tons for maize.
Despite substantial damage caused by the leafhopper plague (chicharrita in Spanish).
The forecast for soya beans is steady at 51,000,000 tons. At this time 48 per cent of the soya surface has been harvested with decent yields.
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.
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