ANALYSIS: Australia, New Zealand Beef Trade on Alert as Middle East Flashpoint Deepens
The Australian and New Zealand beef market is closely monitoring the latest escalation in the Middle East, with freight emerging as the immediate pressure point.
By Monday’s close, exporters were advised that cargoes moving to and from the Upper Gulf, Arabian Gulf and Persian Gulf would face a War Risk Surcharge (WRS) of over A$5,000 per reefer container, or about USD 3,500.
Air freight routes have also been suspended, effectively halting chilled beef shipments...
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