Argentina grains workers strike could continue beyond Friday
Adds comment from industry chamber in paragraph 7, adds pix
BUENOS AIRES, Aug 9 (Reuters) -An ongoing oilseed workers strike in Argentina could extend beyond Friday, as wage negotiations with firms continue to stall, affecting shipments from one of the world's major grain exporters.
At least 36 ships loaded with grains remained delayed on Friday near the key agricultural port of Rosario, according to an industry spokesperson and unions.
Two industrial unions kicked off the strike early on Tuesday as workers demand that salaries stay ahead of high inflation.
"So far we have no news, we have no proposals of any kind," Daniel Succi, leader of the San Lorenzo Department Oilseed Workers and Employees Union (SOEA) told Reuters.
Another SOEA source said that "the conflict is set until 5 AM (0800 GMT) tomorrow for the moment, but it could be extended if there is no call to open a dialogue."
The strike mainly affects terminals located north of Rosario along the Parana River, where more than 80% of Argentina's agricultural and agro-industrial exports are shipped.
President of the CIARA oilseed industry chamber, Gustavo Idigoras, told Reuters that the companies he represents were willing to negotiate on condition that the strike ends.
"We are ready to sit down to negotiate, as soon as the measures are lifted," Idigoras said.
Government representatives did not immediately respond to a Reuters request for comment on the industrial action.
While the rate of rising consumer prices has slowed since President Javier Milei took office in December, accumulated inflation in the first half of this year still stood at 79%, official figures showed. Yearly inflation stands at 271.5%.
"The situation remains unchanged and there are approximately 36 vessels delayed," said Guillermo Wade, head of the Ports and Maritime Activities Chamber.
Reporting by Nicolas Misculin and Maximilian Heath; Writing by Lucinda Elliott; Editing by Alexander Villegas and Alistair Bell
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
