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14 Feb 2022 BUENOS AIRES, Argentina

Parana River Hits 80-year Record Low Level

Historic drought has affected commodity transportation on the river, regional ecosystems, fishing industry and tourism and power production. Continuation of below-normal levels of precipitation anticipated.

25 Jul 2021 Buenos Aires, Argentina

Historic Argentina Drought Threatens Crop Exports, Electricity Supply

Cargo ships have been unable to transport goods due to the shallowness of the basin, which has also sparked concerns amongst local communities who rely on the Parana River for drinking water and energy supply.

The drought is expected to cost local grains farmers and exporters $315 Million USD across a six-month period, according to the Rosario grains exchange.

8 Jun 2021 Sao Paulo, Brazil

Brazil: Worst Drought In Nine Decades Threatens Crop Transportation

Government to reduce number of cargo ships permitted on the Parana River basin, part of Brazil’s fourth- largest waterway for cargo transport. Restrictions could impact Brazil’s agriculture sector, particularly in the major farming states of Goias, Mato Grosso, Mato Grosso do Sul, Minas Gerais and Sao Paulo which rely on the 2,400km waterway for crop transportation.

2 Jun 2021 Sao Paulo, Brazil

Brazil Drought Threatens Electricity Supply And Crop Yields

Persistent dry weather in central and southern Brazil has led to a water scarcity warning, rising electricity prices, falling crop yields and the threat of wildfires. Lowest reservoir levels since 2015 cause headache for the country's largest electricity source, while commodities markets see hike in sugar and coffee futures.