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Staff shortages from an ongoing wage strike are affecting container and car terminals at Durban, one of Africa's busiest ports. Transnet, which runs South Africa's rail and ports, had declared force majeure the previous week.
Port disruption at Durban constrains South African exports and import handling, a minor factor for global feed grain pricing but relevant to regional agricultural shipments.
reuters.comOct 12, 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.
