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Chamber of Commerce: Trucker strike at Argentina grain port continues after $450 Million hit

The Argentinean 'ports' chamber said that a'small group' of truckers continue to halt grain exports out of 'Quequen' port, despite the fact that most of the sector has accepted new rates following a strike lasting more than a week, which halted at least $450m in shipments.

Key Context

* On April?7 truckers went on strike, blocking the access to Bahia?blanca and Quequen ports, demanding rate hikes after fuel prices rose by nearly 30% this year because of the Middle East conflict.

The ports chamber reported that more than 30 ships were waiting for grain between 700,000 to 1.5 million tons, which was held back for two weeks.

Between April 15-17, most national trucker chambers agreed to "reference rates" to compensate for cost increases.

The chamber reported that * the operations in Bahia Blanca were normalized by the security forces, but that a few truckers from Quequen remained on the blockade.

* The port of Rosario, which handles more than 80% the country's exports of grain, was not affected. (Reporting by Aida Pelaez-Fernandez; editing by Cassandra Garrison)

(source: Reuters)