Grain and oilseed markets had their ups and downs in 2024, with wars, labour unrest, trade disputes and politics often providing more direction than the traditional supply/demand fundamentals.
Top agriculture market-moving news stories of 2024
Only grain ships from Black Sea and for Iran still crossing Red Sea, analysts say
Houthi attacks have disrupted global shipping since November, forcing ships to re-route
Grain ships originating from the Black Sea or bound for Iran are about the only ones still sailing through the Red Sea as Houthi militants continue to attack vessels in the area, analysts said on Friday.
More grain ships divert from Red Sea as attacks continue
Millions of tons of grain cargo have avoided the area since December, analysts say
More ships carrying grain were diverted from the Suez Canal to routes around the Cape of Good Hope this week as attacks on shipping in the Red Sea continued, analysts said on Friday.
Houthi attack on dry bulk ship to boost grain diversions
About twenty per cent of grain shipments diverting around Cape
An attack on a dry bulk carrier this week in the Red Sea region is set to lead to more diversions of grain cargoes around the Cape of Good Hope but most are still willing to risk using the Suez Canal for now, shipping sources said on Tuesday.
Container rates soar on concerns of prolonged Red Sea disruption, inflation
U.S. and British militaries have advised all ships to steer clear of the conflict zone
Container shipping rates for key global trade routes have soared this week, with U.S. and UK air strikes on Yemen stirring fears of a prolonged disruption to global trade in Red Sea, one of the world's busiest routes, industry officials said on Friday.
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