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Strike paralyzes Argentine grains port for 2nd day

Port of Rosario, Argentina

Port of Rosario, Argentina

Excerpts from Marine Link:

Argentina’s grains hub of Rosario was paralyzed on Thursday by the second day of pay strikes by unions representing stevedores and other workers needed to dock and load recently-harvested soy and corn, union and management spokesmen said.

Flash work stoppages are common in Argentina, where workers demand pay increases in line with annual inflation clocked by private economists at 25 to 30 percent.

Export sales of old-crop U.S. soybeans have been larger than expected at a time when South American shipments traditionally dominate the global marketplace as some importers are buying from the United States as a precaution against supply disruptions in Brazil or Argentina, US traders said.

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