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South African state-owned logistics firm Transnet agreed a three-year wage deal with the union representing its majority of workers on October 17, ending a two-week strike. The strike had hobbled freight rail and port operations, including Durban, and piled up millions in losses.
Resolution of the strike should restore South African port and rail throughput for agricultural and mineral exports, easing logistics bottlenecks for grain and oilseed shipments routed through Durban; the impact on feed commodity prices is modest.
reuters.comOct 17, 2022Not 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.
