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A wage dispute between the Maritime Union of Australia and Patrick Terminals at Port Botany in Sydney has cancelled rail windows and delayed shipments by up to seven days. Exporters such as Manildra have shifted containers to road at higher handling costs.
Patrick's chief executive said full-time Sydney employees earn about A$172,000 a year.
Port congestion and rerouting raise export handling costs and delay grain and grain-derived shipments from eastern Australia. This is a regional logistics cost issue with limited direct effect on global feed prices.
theland.com.auJohn EllicottJul 5, 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.
