BUENOS AIRES, April 14 (Reuters) - Argentinian truckers agreed to halt a strike that had paralyzed grains 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 and 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."
Nearly 85% of grains in Argentina are shipped to ports by truck, and the strike has put havoc on grain exports in one of the world's leading food importers.
"After almost four hours of meeting, an 11% reference rate agreement was reached until the month of March," the source said. Further discussion on April rates was made, and a total of 20% was agreed, the person said, leaving it to be identified owing to a lack of authority to provide details.
Argentina recorded a monthly inflation rate of 6.7 percent in March, increasing the annual inflation rate to 55.1%.
At a time when demand for soybean and corn crops is increased, FETRA has also complained about fuel shortages.