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More than 300 containers of sugar, rice and cooking oil bound for the Democratic Republic of Congo have been held at Dar es Salaam Port for about four weeks. The Tanzania Revenue Authority is concerned the cargo could be diverted to the local market, and importers have not given assurances that the goods are in transit.
The dispute causes port congestion in East Africa but involves small volumes of containerized goods. It has no meaningful effect on global feed grain or oilseed prices.
web.archive.orgRosemary Mirondo @mwaikama rmirondo@tz.nationmedia.comOct 1, 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.
