April 18, 2022
Argentina truckers protest that affected grains transport has ended
Argentina's Ministry of Transport said the trucker's protest demanding higher freight rates that affected grains transport in the country since April 11 has been called off, Reuters reported.
The truckers, represented by the Federation of Argentine Carriers (FETRA), ended the strike after the government agreed to increase freight rates by 20%, according to a source close to the talks.
Trucks transport about 85% of Argentina's grains to ports, and the strike threatened grain shipments in one of the major food exporters in the world.
The source said an 11% reference rate agreement was achieved until the month of March after discussions lasting four hours. The individual, who declined to be identified because of a a lack of permission to share specifics on the discussions, said the April rates were discussed further, and a total of 20% was agreed upon.
In March, Argentina's monthly inflation rate was 6.7%, bringing the annual inflation rate to 55.1%
FETRA has also expressed concern about gasoline shortages at a time when demand for moving soybean and corn harvests is increasing.