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Rail and Maritime Transport Union members at the Port of Timaru issued a second strike notice for a 24-hour stoppage on December 17, after a first notice for December 16. The union has a mandate for action from December 7 to 24 and is seeking an 8% wage increase under a multi-employer agreement.
The employers have offered only below-inflation adjustments.
The port handles limited bulk volume, so the direct effect on feed grain prices is small. Repeated stoppages would add to logistics costs for New Zealand's exporters and importers.
scoop.co.nzConservati...Dec 1, 2021Not 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.
