# From Farm to Ship to Fork: The Role of Maritime Insurance in Facilitating Global Food Trade

> A CSIS commentary says more than 80% of global staple crop and oilseed trade depends on a few maritime routes. It notes that Red Sea attacks since November 2023 have diverted Black Sea and European food exports from the Suez Canal onto longer, costlier routes.

- Date: 2024-06-10 · published 2024-06-10T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/14294-from-farm-to-ship-to-fork-the-role-of-maritime-insurance-in-facilitating-global
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Longer voyages and higher insurance costs raise ocean freight rates and delivered grain costs, which tends to support prices in importing regions.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- csis.org: https://www.csis.org/analysis/farm-ship-fork-role-maritime-insurance-facilitating-global-food-trade

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.