The Panama Canal Authority (PCA) has signed an agreement with the Association of Soybean and Corn Producers of Mato Grosso (Aprosoja) to promote the Panama Canal’s position in the logistics chain from northern Brazil to Pacific ports.

The agreement would see the PCA and Aprosoja conduct joint marketing activities and share market and trade flow information to support modernisation programmes at the canal, World Grain reported on 19 March.

The PCA said it would look to promote the role of its Panamax-class locks for soya and corn transportation from northern Brazil to Asian markets.

“The increased capacity afforded to us by the expanded canal has had far-reaching positive impact across segments and allows us to access new markets, which could include freight from ports such as those in northern Brazil,” said Jorge Luis Quijano, administrator at the PCA.

The PCA had signed 36 similar Memoranda of Understanding with commercial associations, ports and maritime organizations, but the Aprosoja agreement was the first of its kind the association made with a Latin American organization.

Between October 2017 and February 2018, approximately 1.039M tonnes of dry bulk – which includes soyabeans and other grains – passed through the Panama Canal on Panamax-class vessels, according to statistics from PCA.