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A strike by lighter vessel workers has halted unloading at 16 ghats on the Karnaphuli river serving Chittagong, Bangladesh. About 70,000 tonnes of goods are stranded, including wheat from Argentina and Canada imported by BSM Group.
Delayed wheat unloading and rising demurrage costs can tighten local supply and slow Bangladeshi feed and flour supply chains. The effect on world wheat prices is small.
thedailystar.netShahadat HossainFeb 12, 2017After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), 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.
