The Management Consortium of the Argentinian Port of Quequén has revealed that it is on course to record a record throughput in grain exports for 2022. In August, volumes had already reached 5.5mt (million tonnes) and risen to 6mt by mid- September.
Quequén is located at the heart of one of the country’s most important barley producing regions, whose export season begins in November and December. The port also handles substantial amounts of export corn.
Significantly, the problem of reduced levels of rainfall has not meant that wheat cannot be produced locally. Instead, a variety known as HB4 has become established, because it was developed with low rainfall areas in mind. Soybeans, though, struggle without good access to rain and in the local, windy climate.
All vessels calling at Quequén are invoiced in US dollars but the port effectively converts this to pesos. This allows a certain level of stability to be maintained in prices, irrespective of what is happening in the local economy.