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Around 2,000 workers at the Port of Felixstowe struck over pay, halting operations at the UK's largest container port. The port handles about half of the country's container traffic, including substantial food imports such as dairy, meat, nuts and rice.
Vessels have been rerouted to other busy ports.
Diverted food imports can add congestion and cost at other UK and continental ports, raising landed costs for feed and food ingredients. The effect on commodity prices is likely limited and temporary.
thegrocer.co.ukSimon RoughneenAug 22, 2022Not 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.
