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Pulse exporters and growers in Canada face added delays after the six-day Suez Canal blockage created a container and vessel backlog. Exporters also cite Egypt's reluctance to carry agricultural goods during the pandemic and a lack of empty containers.
Possible Montreal longshore action adds further risk.
Higher shipping costs and longer transit times for pulses and other exports shift costs to growers and can weaken Canadian export competitiveness, supporting freight rates.
grainews.caGFM Network NewsMar 31, 2021
manitobacooperator.caAdam Peleshaty, GFM Network NewsMar 31, 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.
