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Nigerian maritime unions grounded port activities for several hours in a warning strike against amendments to the Nigerian Ports Authority Act. Members said the strike was called off by noon and further action could follow if the bill advances.
A short Nigerian port stoppage has little effect on global grain prices, as Nigeria is a minor agricultural import hub and the action was brief.
nationalwire.com.ngDayo EmmanuelJul 11, 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.
