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Industrial action by the RTBU against Pacific National has cancelled over 30 trains in Victoria since early March, affecting about 100,000 tonnes of grain. Estimated undelivered grain costs are around $10 million, mainly from port demurrage.
Further union action was confirmed for the following Sunday.
Lost rail capacity is delaying contract execution and pressuring a shipping schedule already loaded with a record Victorian harvest, which can widen port basis and raise logistics costs for grain buyers.
farmonline.com.auGregor HeardApr 25, 2017After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
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.
