Road blockades cause 20% freight rate hike for Brazil corn
The protests over Brazil’s election result that blocked roads in Mato Grosso state earlier this week rose truck freight prices to transport corn by 20% or 50 reais ($9.40) per tonne, Abiove, an industry group representing global trading firms.
The most affected routes are the Sorriso-Miritituba and the Sinop Miritituba, Abiove President Andre Nassar said by telephone. As a result of disruptions caused by the road blockades, certain Abiove members expressed concern about failing to honour corn export contracts, Nassar said.
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