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336551

Brazil corn freight prices jump 20% in wake of road blockades - trade group Abiove

SAO PAULO, Nov 24 (Reuters) - The protests over Brazil's election result that blocked roads in Mato Grosso state earlier this week rose truck freight prices to transport corn by 20% or 50 reais ($9.40) per tonne, Abiove, an industry group representing global trading firms, told Reuters on Thursday.

The most affected routes are the Sorriso-Miritituba and the Sinop Miritituba, Abiove President Andre Nassar said by telephone. As a result of disruptions caused by the road blockades, certain Abiove members expressed concern about failing to honor corn export contracts, Nassar said. (Reporting by Ana Mano; Editing by Daniel Wallis)

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