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Some wharf workers at Qube Port in Kooragang, Newcastle, held a four-hour strike over a proposed 10.5% wage cut for permanent positions. The MUA says the company is losing contracts because of mismanagement.
Workers will also work only seven-hour shifts with no overtime for the next two weeks.
Reduced hours and industrial action at a Newcastle bulk port can slow grain and bulk handling for a short period. The effect on prices is likely small unless the dispute widens.
2nurfm.com.auAug 10, 2017Not 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.
