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Singapore bunker fuel prices fell at midday on November 12, with VLSFO down $38 to $809/mt, LSMGO down $9 to $1,161/mt and HSFO down $19 to $633/mt. HSFO extended a week-long decline.
Lower bunker fuel costs reduce ocean freight operating costs modestly, which can slightly ease the cost of moving grain and meal cargoes.
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.