Forwarded from USDA PRIME MEMES
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Forwarded from Ice Age Farmer
The Strait of Hormuz shipping disruption has thrown global grain trade into crisis this week as major lines suspend transit following the outbreak of open conflict in West Asia, stranding vital shipments of rice, wheat, and barley destined for the Gulf region.
With severe implications for perishable and specialized agricultural cargo, CMA CGM has also halted all reefer (refrigerated container) bookings to and from a wide range of West Asian and Red Sea countries, including Iraq, Bahrain, Kuwait, UAE, Saudi Arabia, Jordan, and Egypt. This will directly impact shipments of temperature-sensitive goods like certain seeds, specialized ingredients, and processed foods.
https://millingandgrain.com/strait-of-hormuz-shipping-disruption-grain/
With severe implications for perishable and specialized agricultural cargo, CMA CGM has also halted all reefer (refrigerated container) bookings to and from a wide range of West Asian and Red Sea countries, including Iraq, Bahrain, Kuwait, UAE, Saudi Arabia, Jordan, and Egypt. This will directly impact shipments of temperature-sensitive goods like certain seeds, specialized ingredients, and processed foods.
https://millingandgrain.com/strait-of-hormuz-shipping-disruption-grain/
Milling and Grain
Strait of Hormuz Shipping Disruption Hits Global Grain Trade
Strait of Hormuz shipping disruption raises freight rates, war risk premiums and uncertainty for global grain and rice exporters.
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