Brazil’s Iron Ore and Soybean Downturn Needs Panama To Dig In — Panjiva


Brazil’s Iron Ore and Soybean Downturn Needs Panama To Dig In

Ags - Grains/Beans 164 Ags - Softs 82 Brazil 262 Cons. Staples - Food/Beverages 398 Corp - Ports 664 Materials - Metals/Mining 484 Metals - Steel 362 Theme - Canals 87

The Brazilian port association, ATP, has called on the Panama Canal to reduce fees and improve access for Brazil’s exporters. With a global trade downturn emerging the Canal Authority may be willing to accede. Brazil’s exports to Asia have grown only modestly recently with a 3.2% increase in shipments year over year in 2018. The major Brazilian exporters may also need help with their competitive positioning. Exports of iron ore accounted for 67.7% of total shipments to Asia from Brazil in 2018 and may fall in 2019 as a result of Vale’s production problems. Exports of soybeans, representi...

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