Loading…
A Maritime Union of Australia dispute with stevedore DP World, which began at Port of Melbourne in October, has spread to Brisbane, Sydney and Fremantle. Exporters report vessel delays of two to five weeks, extra fees, and added storage and double-handling costs for containerised grain.
Longer container transit times and higher costs cut Australian grain export competitiveness and can widen basis for exporters, a modestly supportive factor for world feed grain prices.
graincentral.comGrain CentralJan 19, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 823 past logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +1.2%), and -0.1% 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.
