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Transnet's Ngqura container terminal in South Africa has faced a go-slow protest by workers for over two weeks over unpaid bonuses, with a backlog hurting automotive, citrus, meat and electronics shipments. The union said inefficient management and broken equipment also contribute to the delays.
Port congestion in South Africa delays citrus and meat exports and adds shipping uncertainty, though the effect on global feed commodity prices is limited.
algoafm.co.zaAdmin AuthorJul 17, 2019Not 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.
