Argentinian Oilseed Workers' Strike Stalls National Grain Exports

An ongoing strike by oilseed workers in Argentina, demanding higher wages amidst high inflation, could extend beyond Friday. The strike has stalled grain shipments from a major agricultural port, delaying 36 ships. Negotiations remain stalled, with companies willing to negotiate only if the strike ends.

An ongoing oilseed workers' strike in Argentina could extend past Friday, as wage negotiations with firms are at an impasse, impacting shipments from one of the planet's largest grain exporters.

By Friday, at least 36 grain-laden ships faced delays near the critical Rosario agricultural port, according to industry sources and unions. The strike, initiated by two industrial unions early Tuesday, demands that wages keep pace with soaring inflation.

"So far we have no news, no proposals of any kind," stated Daniel Succi, leader of the San Lorenzo Department Oilseed Workers and Employees Union (SOEA). Another SOEA representative indicated the conflict might stretch beyond 5 AM (0800 GMT) tomorrow if negotiations are not initiated.

The strike predominantly affects terminals north of Rosario along the Parana River, from which over 80% of Argentina's agricultural and agro-industrial exports are shipped. Gustavo Idigoras, President of the CIARA oilseed industry chamber, stated that companies are open to negotiations but only if the strike concludes.

"We are ready to sit down to negotiate, as soon as the measures are lifted," Idigoras remarked. Government officials did not immediately respond to a Reuters request for comment.

Despite a slowdown in consumer price inflation since President Javier Milei’s December inauguration, the first half of this year saw 79% inflation, with an annual rate of 271.5%. "The situation remains unchanged; approximately 36 vessels are delayed," stated Guillermo Wade, head of the Ports and Maritime Activities Chamber.