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South African freight forwarders warned that normal freight operations may not return until 2023, following an 11-day Transnet strike that began October 6, 2022. The strike cost South Africa an estimated R65.3 billion in goods moved.
Commentators said port infrastructure needs upgrading to handle larger ships.
Persistent port and rail inefficiency in South Africa constrains grain and oilseed exports and imports, which can keep regional feed grain prices and freight costs elevated.
infrastructurenews.co.za3SMediaJan 18, 2023After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% over 20.
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.
