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More shipping companies are banning Red Sea routes because of Houthi attacks. A Container xChange advisory warns that costs will rise for palm oil, grains and European energy supplies.
Higher operating costs are expected to be passed on to buyers, raising landed prices for palm oil and grain imports and supporting freight rates.
markets.bostonherald.comAssociated PressMar 6, 2019Not enough comparable past events yet for a historical read.
After 15 past bullish logistics events, Palm Oil moved a median -0.1% over 5 sessions (47% higher; middle half -2.4% to +3.9%), and +0.5% 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.
