# Suez Canal grain and oilseed volumes drop by 20% in December, IGC…

> IGC analysis based on shipping data shows grain and oilseed volumes through the Suez Canal fell 20% in December from November. Houthi attacks have pushed bulk carriers to divert away from Suez, and major container lines have suspended Suez transits. Rerouting via the Cape adds 10 to 15 days and significant cost.

- Date: 2024-02-06 · published 2024-02-06T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/31562-suez-canal-grain-and-oilseed-volumes-drop-by-20-in-december-igc
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Diverted bulk grain shipments raise freight costs and delivery times for Black Sea and EU flows to Asia, supporting delivered prices and reducing competitive export pressure from the Black Sea.

## Read by commodity

- WHEAT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-10-08 | [Grain Ships Avoid Suez Canal Due to Red Sea Attacks \| Waradana](https://feedsoft.ai/events/16996-grain-ships-avoid-suez-canal-due-to-red-sea-attacks-waradana.md) | -0.3% | -1.3% |
| WHEAT | 2026-10-16 | [Black Sea Disruptions: Why Large Crops Aren't Reaching Grain and Oilseed Buyers](https://feedsoft.ai/events/14080-black-sea-disruptions-why-large-crops-aren-t-reaching-grain-and-oilseed-buyers.md) | +1.0% | — |
| WHEAT | 2024-12-26 | [Grain Transportation Report, December 26, 2024](https://feedsoft.ai/events/16490-grain-transportation-report-december-26-2024.md) | +0.4% | -1.5% |
| WHEAT | 2020-10-02 | [Canadian Grain Shippers Declare Event of Delay \| Feed & Grain](https://feedsoft.ai/events/50668-canadian-grain-shippers-declare-event-of-delay-feed-and-grain.md) | +1.9% | +3.6% |
| WHEAT | 2021-11-17 | [Canadian shippers find few easy alternatives for grain, oil cut off by flood](https://feedsoft.ai/events/44089-canadian-shippers-find-few-easy-alternatives-for-grain-oil-cut-off-by-flood.md) | +1.3% | -7.4% |

## Sources

- ofimagazine.com: https://www.ofimagazine.com/news/suez-canal-grain-and-oilseed-volumes-drop-by-20-in-december-igc-analyst-says

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.