The movement was lifted after an agreement negotiated under the aegis of the Ministry of Transport on "a 20% price increase applicable immediately", announced the Federation of Argentine Transporters (Fetra) in a press release.

The strike was launched five days ago by transport companies to demand an increase in freight rates in the face of soaring fuel prices.

Thousands of trucks were at a standstill in the country, the world's largest exporter of soybean meal and oil, and among the biggest exporters of wheat, soybeans and corn.

These exports represented 35 billion dollars in 2021, according to official figures.

According to Fetra, new negotiations will take place in May and a commitment has been made by the Energy Secretariat to "find a solution to the shortages of diesel".

According to Gustavo Idigoras, president of the Oilseeds Industry Chamber and the Cereals Export Center (Ciara-CEC), the strike resulted in "a loss of around 100 million dollars per day, or 200 tons that are not not unloaded at port terminals".

Trucks block a highway during a carrier strike on April 14, 2022 in Victoria, Argentina Marcelo Manera AFP

“We have 50 cargo ships waiting,” he said on Thursday, adding that between 3,000 and 4,000 trucks go to the terminals daily in normal times, compared to around ten during the strike.

© 2022 AFP