An "ageing" and underinvested logistical infrastructure is damaging US export prospects, a leading grain organisation has warned, as it was revealed that China is taking steps to boost imports from South America.
"Deficiencies" in America's export infrastructure have "started to become more apparent, and problematic", the US Grains Council, which promotes American crop exports, said.
"The question is, can our nation's transportation system move grain from farm to port with the speed and efficiency that today's international trade demands? The answer is rapidly becoming a glaring 'no'," the council said.
The comments came as the Colombia's president, Juan Manuel Santos, said that the country was in "advanced" talks with China over building a rail alternative to the Panama Canal.
'Wake-up call'
Ken Eriksen, senior vice president at analysis group Informa Economics, said the US needs a "wake-up call" on infrastructure, with its spending on logistical improvements below that of the likes of Brazil, Europe, Japan and Singapore on a per capita basis.
Link: http://www.agrimoney.com/news/ageing-infrastructure-hurting-us-grain-exports--2818.html
Link: http://www.agrimoney.com/news/ageing-infrastructure-hurting-us-grain-exports--2818.html
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