# Panama Canal drought and its knock-on effects - Port Technology International

> A Port Technology International interview with WWL CEO Joe Monaghan examines how El Niño and global warming have reduced Panama rainfall and cut canal draft. Delays and shipping constraints are rippling into neighbouring economies.

- Date: 2023-09-13 · published 2023-09-13T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/33991-panama-canal-drought-and-its-knock-on-effects-port-technology-international
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Ongoing canal constraints keep ocean freight costs high and unpredictable, a background factor for export grain and feed ingredient delivered prices.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- porttechnology.org: https://www.porttechnology.org/exclusive-feature/panama-canal-drought-and-its-knock-on-effects-an-interview-with-worldwide-logistics-group-ceo-joe-monaghan/

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