Analysis-Paraguay on track for record soy crop, but low river levels slow exports

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Analysis-Paraguay on track for record soy crop, but low river levels slow exports
Paraguay RiverSoybean HarvestRiver Levels
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Paraguay is headed for a record soybean harvest but exporters are worried about low river levels that are slowing shipments along the key Paraguay-Paraná...

ASUNCION - Paraguay is headed for a record soybean harvest but exporters are worried about low river levels that are slowing shipments along the key Paraguay -Paraná waterway, with a drought in central-west Brazil affecting water levels running downstream.

Tomassone said the overall picture was largely positive, however, given the strong production. Farmers are still recovering form a drought-ravaged harvest in the 2021/22 season that slashed production by more than half.The level of the Paraguay River near the key grains port of Villeta is 0.74 meters, government data show, well down from over 5 meters at the same date a year ago. Recent rains have boosted levels that were near zero but they remain critical.

"The departure of trucks is very slow," Tomassone said. "Unless the weather forecasts improve, the coming months are not very encouraging ." The revised forecasts issued by scientists have been revealed, and the verdict is clear: La Niña will make a comebackSevere storm threat creeps into southern Ontario with next bout of rain

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Paraguay River Soybean Harvest River Levels Sonia Tomassone Water Levels Brazil Tomassone Exporters

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