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An unprecedented shortage of shipping containers up-country is delaying grain and pulse exports from farm gate onward, with growers unable to deliver and buyers unable to take delivery. The shortage was worsened by a November storm that toppled empty container stacks near the Port of Brisbane, and it is expected to persist.
Container scarcity constrains export flows of Australian chickpeas and grains, which can delay shipments and widen basis for pulses and grain feed ingredients. Shipping bottlenecks add cost and may tighten nearby supply while supporting freight rates.
graincentral.comHenry WellsJan 24, 2017Not 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.
