Loading…
Millions of dollars worth of farm machinery bound for Fremantle Port was diverted to eastern ports because of an ongoing industrial dispute between QUBE and the Maritime Workers Union. Three ships carrying 44 harvesters and 31 tractors are not expected to arrive in time for the WA harvest, which is tipped to be the state's biggest ever.
Growers fear they will lack machinery when they need it.
Delayed harvest equipment could slow WA grain harvesting and logistics, adding cost and some timing pressure to local grain movements. The effect on global prices is limited because the disruption is regional.
abc.net.auRichard Hudson, Jessica HayesOct 6, 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.
