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UNCTAD's Review of Maritime Transport 2024 warns that key chokepoints including the Panama Canal, Red Sea, Suez Canal and Black Sea are under severe strain. Maritime trade grew 2.4% in 2023 and is projected to rise about 2% in 2024, with container capacity supply up 8.2% in 2023.
The report links these pressures to geopolitical tensions and climate impacts.
Chokepoint stress lengthens routes and lifts freight costs for bulk grains and oilseeds, supporting landed feed ingredient prices, particularly for import-dependent economies.
unctad.orgUN Trade and Development (UNCTAD)Nov 1, 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.
