Global wheat prices hit a 6% record on Monday after India decided on restricting overseas sales of wheat, exacerbating a food crisis. The world had been depending on India for alleviating wheat supplies crimped by the war in Ukraine.
India, the world’s second-largest wheat grower, 13 May declared that it would be banning private exports as it was focusing on managing its food security currently “at-risk”, but left a window for limited overseas shipments on request of a foreign government to...
A recent...
https://mfame.guru/shipping-costs-drive-manufacturers-to-fight-rising-prices/
Industrial action on the waterfront is causing increasing disruption to the movement of ships and the movement of vital goods upon which Australian families rely.
At least two ship voyages have been greatly delayed at huge cost.
A five day delay
A ship was due to call at Sydney earlier this week. It was faced with a five-day delay because of protected industrial action. The approximate cost of a day’s delay for a container ship can be about $25,000 a day. A five...
By now, anyone doing business in the Asia markets is well into planning how the continuity of trade will work during the Chinese New Year (CNY) when virtually all business in China, including factories, closes down from one to four weeks. In 2019 CNY will begin on February 5.
All suppliers will start to wind down operations one to two weeks in advance of the holiday. Mass production ceases, even for sample orders, far earlier than many buyers anticipate. Customarily, the Chinese people travel...
http://container-news.com/chinese-new-year-challenge-traders/
Sri Lanka’s investment agency has approved a project to build a warehouse and container depot near the Biyagama export processing zone to help exporters bring raw materials and machinery and ship outbound finished products.
The project by Skylift Container Depot and Logistics (Private) Limited, with a total value of 1.83 million US dollars will be located at Walgama, Malwana and employ 49 people, the Board of Investment said.
“We have considerable experience in handling of logistics and container...
http://container-news.com/sri-lanka-facilities-help-exporters/
Exporters in the New England North West region could save $2.8 billion in the next three decades with a container terminal at the Port of Newcastle, a report has found.
The report, which features a case study on Namoi Cotton among others, compares container transport costs for Newcastle with those for Port Botany and Port of Brisbane.
It found the savings ranged from $193 to $583 per 20-foot container (TEU).
Port of Newcastle chief executive officer Craig Carmody said the report found exports from...
http://container-news.com/container-port-newcastle-save-exporters/