Loading…
A strike beginning November 16 has crippled the Chilean port of Valparaiso, with most terminals blockaded by casual workers. More than 20,000 containers had been diverted by the tenth day of the strike.
Revenue losses had reached $3.5 million at that point.
The strike mainly disrupts container and fruit flows, with little direct effect on feed grain or protein prices. It remains a logistics risk for Chilean trade routes.
portstrategy.com2018-12-06T12Dec 6, 2018Not 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.
