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UNCTAD reported on October 22 that Red Sea, Suez and Panama canal disruptions and higher operating costs have increased shipping fees. The article notes the SCFI was down 45% from its 2024 peak as of October 18 but remained 115% above pre-pandemic levels.
High and volatile container freight raises costs and delivery uncertainty for perishable imports, which can disrupt supply and prices. For feed buyers, the impact is indirect through general freight costs.
producereport.comJing ZangNov 5, 2024Not 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.
