Saturday, September 18, 2021

Tag: Cargill

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Bunge, Cargill want lower Panama Canal tariffs

Brazilian port operators, including units of Cargill and Bunge, will present a proposal to reduce Panama Canal tariffs and limit their costs in shipping agricultural commodities to their main market in China. The port operators argue that with the current tariffs, shipping grains from Brazil’s northern ports through the Cape of Good Hope is almost $206,000 cheaper on a per-ship basis than using the Canal.

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