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A go-slow at South Africa's ports has hit citrus exporters, with the Sundays River Citrus Company reporting thousands of boxes delayed and likely late arrivals and claims. The CEO said the disruption has disrupted retailer delivery schedules and added logistics costs.
Port congestion in South Africa raises export logistics costs and delays shipments, a limited effect on grain and feed flows.
freightnews.co.zaEugene GoddardAug 2, 2019Not 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 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.
