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Port Technology International reports on a UNCTAD report that the war in Ukraine is suffocating trade and logistics in Ukraine and the Black Sea region. It says halted ports, damaged infrastructure, insurance and fuel costs have raised shipping costs and grain transport costs rose nearly 60% from February to May.
It adds that Russia's role in fertiliser and fuel supply is a further concern.
Higher grain freight and possible fertiliser supply disruption raise feed production and delivered grain costs, supporting feed ingredient prices.
porttechnology.orgMargherita BrunoJun 29, 2022Not enough comparable past events yet for a historical read.
After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% 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.
