Panama Canal faces claims on tariffs

Brazilian port operators, including units of global grain traders Cargill and Bunge, will unveil a proposal this week to lower Panama Canal tariffs and cut their costs in shipping agricultural commodities to their main market China.

They will argue that at current tariffs, shipping grains from Brazil’s northern ports via the Cape of Good Hope is almost $206,000 cheaper on a per-ship basis than using the Canal, despite the shorter distance, Reuters reports.