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A short Maritime Union of Australia dispute at Patrick's Port Botany facility in early May reduced loading and unloading shifts. Containers ready for export missed vessel sailings and empty boxes were slow to return, creating a backlog.
Containerised barley, chickpea, faba bean, lupin and wheat shipments were all affected amid a shortage of 20-foot boxes.
Container shortages and port backlogs keep ocean freight rates firm and limit how quickly containerised grain can reach buyers. Weeks of clearing congestion will keep export logistics costs elevated.
graincentral.comGuest AuthorMay 16, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
