IBOV 186,885.49 ▲ 0.29% IPSA 10,881.28 ▼ 0.80% IPC MEX 64,214.36 ▼ 1.38% MERVAL 2,781,799 ▼ 1.33% COLCAP 2,537.48 ▼ 0.46% BVL PERÚ 59,831.84 ▼ 0.49% USD/BRL5.22▲ 0.94% USD/MXN18.36▲ 1.63% USD/CLP986.18▲ 1.40% USD/COP3,313▼ 0.60% USD/PEN3.45▲ 0.66% USD/ARS1,525▼ 0.03% USD/UYU40.29▲ 3.66% USD/PYG5,804▲ 1.99% USD/BOB11.94▲ 2.03% USD/DOP59.52▲ 3.22% USD/CRC453.80▲ 2.74% USD/GTQ7.64▲ 3.23% USD/HNL26.87▲ 3.24% USD/NIO36.62▲ 2.66% USD/VES858.02▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.69▲ 1.81% EUR/BRL5.87▼ 0.46% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 186,885.49 ▲ 0.29% IPSA 10,881.28 ▼ 0.80% IPC MEX 64,214.36 ▼ 1.38% MERVAL 2,781,799 ▼ 1.33% COLCAP 2,537.48 ▼ 0.46% BVL PERÚ 59,831.84 ▼ 0.49% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Thursday, October 1, 2026

Latin America Markets

Montevideo Port Strike: Uruguay Pre-Agreement Gives 197 Dockers a 21st Work Day

By · October 1, 2026 · 4 min read

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LABOUR · URUGUAY

Key Facts

  • —The country Uruguay, about 3.4 million people. Terminal Cuenca del Plata (TCP) is the main container terminal at the port of Montevideo. Belgium’s Katoen Natie is the majority owner.
  • —What happened On Wednesday 30 September 2026, TCP and the dock union Supra signed a pre-agreement drafted by the Ministry of Labour (MTSS), aimed at ending a conflict of more than four months.
  • —The numbers From 1 January 2027, 197 dockers move from 20 to 21 guaranteed work days a month (MTSS, El País, 30 Sep–1 Oct 2026). One-off payment: midpoint of 27,500 and 50,000 pesos (about US$684 and US$1,243, El País).
  • —What it means for you Importers and exporters should see container work at TCP return to normal. The labour minister said minimum-service rules would lift once the union assembly approves.
  • —Still open Both sides meet on Friday 2 October at 11:00 to sign a pre-agreement of the collective contract. Union members must still ratify it, and the full text is unpublished.

The Montevideo port strike moved towards an end on Wednesday 30 September 2026. Terminal Cuenca del Plata and its dock workers’ union signed a pre-agreement at the Ministry of Labour.

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The deal gives 197 dockers one more guaranteed work day a month from January. It also sets a five-year contract with a peace clause meant to keep the terminal calm.

Container gantry cranes at the port of Montevideo, Uruguay
Container gantry cranes on the quay at the port of Montevideo, where the terminal dispute disrupted work for months. (Photo: Falk2, CC BY-SA 3.0 DE, Wikimedia Commons)
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What the pre-agreement says

The Ministry of Labour and Social Security, known as MTSS, published the terms after the signing. Talks took place at its National Labour Directorate (DINATRA).

Workers who now have 20 guaranteed days a month will get 21 from 1 January 2027. El País reported that 197 workers are in that group.

Rio Times chart: guaranteed monthly work days for TCP dockers in Montevideo, 20 today, 21 from January 2027, possibly 22 after the October 2027 review
Guaranteed work days per month for 197 TCP dockers under the 30 September pre-agreement. Source: MTSS, 30 Sep 2026; El País Uruguay, 1 Oct 2026.

A one-off payment will be made at signing, set at the midpoint of both positions. El País put those positions at 27,500 pesos (about US$684) for TCP and 50,000 pesos (about US$1,243) for the union.

Conversions use 40.23 pesos per US dollar on 1 October 2026 (open.er-api). The exact payment has not been published.

Staff in maintenance, container repair and straddle-carrier driving get a separate compensation payment, backdated to 13 July. Every worker will be evaluated each October, including October 2027.

El País reported that the 2027 review will decide whether some workers rise to 22 guaranteed days. Workers below 20 days get a stepped increase.

How the deal came together

The MTSS had tabled a compromise on 23 September, covered in Montevideo Port Dispute: Uruguay Proposes 21 Guaranteed Work Days. Until Wednesday, union leaders had refused to back a five-year deal, El País reported.

El Observador reported that Alejandro Sánchez, secretary of the presidency, then called Katoen Natie in Antwerp and union leaders. His formula moved the 21st day to January instead of May.

Both sides accepted the revised text by official e-mail, the MTSS said. Leaders of the Pit-Cnt, the national trade union federation, also signed the documents, El País reported.

Labour Minister Juan Castillo said negotiation was the only way he knew to resolve conflict. Supra leader Álvaro Reinaldo said the union got what it could, and some demands were left behind.

What changes for shippers and the port

The government had declared minimum services for container work at the port. Castillo said these would end immediately once the union assembly approves the pre-agreement, El País reported.

Business groups had called the situation serious before the deal. The Colorado Party still plans to question Castillo in parliament, and is pushing for limits on strikes, as in Strike Regulation in Uruguay: Colorado Party Bill Seeks Seven Working Days’ Notice.

For traders, the Montevideo port strike risk should ease if the five-year contract is signed. The peace clause requires dialogue before any new industrial action, Reinaldo said.

What Is Not Yet Known

The final collective contract still has to be drafted, using the company’s 28 August offer as a base. Castillo said it might be ready for signing on Friday 2 October.

The union assembly vote is pending, and the exact one-off payment has not been disclosed. The scale of the stepped increase for workers below 20 days has not been detailed.

Sources: MTSS (30 Sep 2026); El País Uruguay (1 Oct 2026); El País Uruguay (30 Sep 2026); Montevideo Portal (30 Sep 2026); El Observador (30 Sep 2026); open.er-api.com exchange rate (1 Oct 2026).

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