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Shipping companies have begun reintroducing services through the Suez Canal after the Houthis announced a ceasefire on commercial shipping on Nov. 25.
The Red Sea diversions had disrupted global trade, including oilseed and vegetable oil shipments. Grain and oilseed volumes through Suez had fallen sharply after the attacks began.
Returning to the Suez route shortens Asia-Europe voyages and lowers freight costs, which eases pressure on vegetable oil and grain delivered prices. Lower freight is bearish for shipping rates and palm oil landed costs.
ofimagazine.comQuartz Business MediaFeb 20, 2026Not enough comparable past events yet for a historical read.
After 24 past logistics events, Palm Oil moved a median -0.1% over 5 sessions (46% higher; middle half -1.0% to +2.7%), and +1.3% over 20.
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.
