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Striking Rail and Maritime Union workers forced Lyttelton Port to close for a 13-day strike over pay and safety after talks with Lyttelton Port Company broke down. The port handles more than half of the South Island's container volume, and KiwiRail warned rail services to and from the port would be disrupted.
The closure disrupts feed and grain imports and meat and dairy exports through a New Zealand port, but the volumes are small relative to global feed trade, so the price impact is limited.
rnz.co.nzTe Reo Irirangi o AotearoaMar 13, 2018After 293 past neutral events of any kind, Milk (Class III) moved a median -0.1% over 5 sessions (44% higher; middle half -0.8% to +0.5%), and -0.3% 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.
