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Unite union members at the Port of Felixstowe voted 92% in favour of industrial action over a 5% pay offer, which the union says is a real pay cut given 11.9% inflation. Felixstowe handles about 50% of containerised UK trade, including machinery and animal feed.
The food and drink industry warned of supply chain disruption if strikes go ahead in August.
Strikes at a key UK import gateway could delay animal feed and ingredient deliveries and push up logistics costs for UK feed buyers. The price impact is likely modest unless other ports join the action.
foodmanufacture.co.ukMichelle PerrettAug 1, 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.
