Ever Given, one of the world’s largest container ships, after running aground, in the Suez Canal. Photo: Reuters
How the crisis in the Suez Canal could affect the price of your instant coffee
- The Ever Given container ship became jammed in the key trade route on Tuesday, blocking passage for ships hauling almost US$10 billion of goods through the Egyptian waterway
- About 12 per cent of global trade goes through the Suez, and the waterway is more known for its role in energy markets than agricultural commodities such as coffee
Ever Given, one of the world’s largest container ships, after running aground, in the Suez Canal. Photo: Reuters