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Fletchers International Exports is restricting exports of chickpeas, faba beans and lupins this harvest. It has also indefinitely stopped several chilled lamb contracts to the US and Europe because of shipping disruption.
The Australian Peak Shippers Association has asked the federal government to intervene over freight rates, port congestion and union disputes.
Export restrictions on pulses and lamb reduce Australian supply available to overseas buyers and raise freight costs. Ocean freight and pulse prices could rise if the port stalemate continues.
stockandland.com.auAnnabelle CleelandOct 27, 2021Not enough comparable past events yet for a historical read.
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.
