Truckers in Argentina stop protesting that threatens grain transport - ministry

Truckers in Argentina stop protesting that threatens grain transport - ministry ...

BUENOS AIRES, April 14 (Reuters) - Argentinian truckers agreed to call off a strike that had paralyzed grain transport in the country since Monday, according to the transport ministry.

Truckers represented by the Federation of Argentine Carriers (FETRA) had been demanding higher freight rates, but discussions with the government on Wednesday failed to make progress. According to a source, "it was finally resolved with an (increase of) 20% and the immediate lifting of the strike."

Argentina's grain prices are being expedited to ports by truck, and the strike has jeopardized grain exports in one of the world's highest food exporters.

"After nearly four hours of meeting, an 11% reference rate agreement was reached until the month of March," the source said. More discussion on April rates and a total of 20% was agreed, according to the person, which declined to be identified because to a lack of authority to provide details.

In March, Argentina recorded a monthly inflation rate of 6.7 percent, boosting the annual inflation rate to 55.1%.

In a time in which there is increasing demand for soybean and corn crops, FETRA has also complained about fuel shortages.

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