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Transnet obtained a Labor Court interdict to halt an illegal go-slow strike at the Ngqura Container Terminal in South Africa, ordering workers to raise performance levels. Operations had been disrupted by alleged radio interference, and the citrus industry reports severe export impacts from low crane and cold storage capacity.
The court order may ease the Ngqura backlog, but continued congestion still raises shipping costs for South African exporters, a limited factor for global feed grain prices.
freshfruitportal.comEdward VernonJul 15, 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.
