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A Nigerian Labour Congress strike has shut all ports nationwide, with Apapa and Tin-Can grounded and passenger rail halted. Port unions say no trucks will be allowed in or out while the strike continues.
Port shutdowns in Nigeria delay grain and oilseed meal imports and raise landed costs for feed buyers, with congestion surcharges likely to follow.
tribuneonlineng.comS-Davies WandeSep 27, 2018After 34 past bearish logistics events, SBM moved a median +0.4% over 5 sessions (53% higher; middle half -1.8% to +2.6%), and -1.2% over 20.
After 284 past neutral logistics events, CORN moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% 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.
