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Sea-freight disruption is intensifying for Australian agricultural exports to the Middle East as the Strait of Hormuz closure limits traffic. MSC declared end of voyage for Arabian Gulf shipments and added a US$800 per container surcharge.
Carriers are rerouting services and introducing emergency surcharges.
Carrier surcharges and rerouting raise landed costs for feed and grain shipments into the Gulf, widening export costs for origins.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.