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Transpacific container rates were stable in week 31, with vessel space still tight. Carriers plan a rate increase of $300 to $500 per container on August 1.
Air cargo rates out of Asia have risen on Hong Kong disruptions and limited passenger-plane capacity.
Container freight costs affect the cost of imported feed ingredients and packaged goods moving to Asia. Grain and feed commodity prices are not directly moved by this container-rate commentary.
capesshipping.netJul 29, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
