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Agriculture Transportation Coalition meeting in Tacoma, June 14-17, heard that ocean carriers are about half as reliable as two years earlier, causing spoilage risk and cancelled bookings. The FMC announced three initiatives to assist shippers and resolve supply chain issues.
Unreliable container service cuts agricultural export volumes and raises freight costs, which can weigh on export demand and pressure ocean freight rates.
doi.orgJun 30, 2022Not 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.
