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Attacks on shipping in the Red Sea region have in past days led to a sharp rise in the number of grain cargoes being diverted around the Cape of Good Hope, rather than using the Suez Canal, grain traders and analysts said on Friday. Earlier this week, shipping sources had said they expected some grain cargo diversions but that most would continue to risk passing through the Suez Canal, which is the shortest shipping route between Europe and Asia. But continued attacks on shipping this week by Iran-backed Houthi militia despite U.S.-led air strikes on Houthi positions in Yemen mean more dry bulk carriers transporting grain are avoiding the Red Sea, analysts and grain traders said. ....
Chakwera's Tonse to open Admarc on Dec 1 as Maize prices soar maravipost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from maravipost.com Daily Mail and Mail on Sunday newspapers.
How local sourcing buffers Weetabix against supply shocks: 'It protects us from fluctuations in the wider wheat supply chain' foodnavigator.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foodnavigator.com Daily Mail and Mail on Sunday newspapers.