Loading…
Qube escalated an enterprise agreement dispute with the Maritime Union of Australia at Fremantle, Western Australia, using replacement labour to discharge bulk cargo including steel. The union says workers were locked out, while Qube says the workforce has been on strike since July 30.
Stevedoring disruption at Fremantle can slow grain and fertiliser handling in Western Australia, a major grain port, which may delay exports and modestly widen local basis. The effect on global prices is likely limited if the dispute stays contained.
red-spark.orgAndrew MartinAug 23, 2021After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% over 20.
Not 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.
