The Brazilian Association of Soyabean Producers (Aprosoja Brasil) has signed an agreement with the government of Panama to allow the exchange of market information and export potential of soya and corn by the channel. The term was signed during Panama Brazilian Day, an event that brought together trade representatives from various Latin American countries and local government in the Panamanian capital. The expansion of the business and the reduction of the cost for the use of the channel in the medium and long term are some of the expected results. According to the president of Aprosoja Brasil, Bartolomeu Braz Pereira, one of the objectives of the agreement is to share information about the market and potential of production and export of Brazilian soya and corn by the channel. According to him, there are many ships currently operating with grain and this makes sea freight through the Atlantic cheaper, although this is a longer journey than the Panama Canal to Asia and the Middle East. “The logistical cost to cross the canal became more expensive. If in the future the logistical cost for the Atlantic equals the cost of going through Panama, the ships will certainly follow this alternative route, arriving a few days before their destination, “he said.
Source: Canal Rural