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A contract labour strike has stalled coal loading onto ships at Haldia port in India since July 1, delaying weekly shipments of 35,000 tonnes to a Tamil Nadu power plant. The dispute centers on a 35% wage demand tied to a change of loading contractor.
The strike concerns coal rather than agricultural commodities, so its effect on feed grain, oilseed or meal prices is negligible.
telegraphindia.comAnshuman PhadikarJul 4, 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 (SRW) 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.
