# The United Nations says high freight rates could threaten food security in vulnerable economies

> UNCTAD reports that global shipping costs surged in the first half of 2024 due to route disruptions and higher operating expenses. The SCFI Shanghai to South America rate more than doubled to $9,026 per TEU, the highest since September 2022.

- Date: 2024-11-11 · published 2024-11-11T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/16985-the-united-nations-says-high-freight-rates-could-threaten-food-security-in
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Elevated container and bulk freight raises landed costs for feed ingredients imported by vulnerable importers, potentially curbing purchases and pressuring import demand. Higher ocean freight widens basis differences between origins.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- freshfruitportal.com: https://www.freshfruitportal.com/news/2024/11/11/the-united-nations-says-high-freight-rates-could-threaten-food-security-in-vulnerable-economies/

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