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Argentina plans $550 million new port in Rosario

The Argentinian government has announced plans for a $550 million investment to build a new port in the agricultural region of Rosario.

Michele Labrut, Americas Correspondent

March 11, 2024

1 Min Read
Port of Rosario statue
Frank Vincentz via Wikimedia Commons

"We're announcing an investment for the construction of a new agro-industrial port in Timbues, on the Parana River," presidential spokesperson Manuel Adorni told a news conference, referring to a town some 50 km north of the city of Rosario,” Reuters reported.

"The investment will be around $550 million. Construction will begin this month," he said, without giving more detail.

Argentina is one of the world's top two exporters of soybean oil and meal, and third in corn exports.

Companies such as Bunge, Cargill and Louis Dreyfus already have grain loading and unloading terminals in the region.

The Rosario Stock Exchange estimates the 2023-2024 harvests of corn and soybean will bring in 49.5 million metric tonnes of soybeans and 57 million tonnes of corn.

 

About the Author

Michele Labrut

Americas Correspondent

Michèle Labrut is a long-time Panama resident, a journalist and correspondent, and has continuously covered the maritime sector of Central & Latin America.

Michèle first came to Panama as a press attaché to the French Embassy and then returned to the isthmus as a foreign correspondent in the 1980s.

Author of Seatrade Maritime's annual Panama Maritime Review magazine and of several books, Michèle also wrote for Time magazine, The Miami Herald, NBC News and the Economist Intelligence Unit. She has also collaborated in making several documentaries for the BBC and European and U.S. television networks.

Michèle's profession necessitates a profound knowledge of the country, but her acumen is not from necessity alone, but a genuine passion for Panama.

In 2012 she was awarded the Order of Merit (Knight grade) by the French Government for her services to international journalism and in 2021 the upgrade to Chevalier grade.

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