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UNCTAD launched its Review of Maritime Transport 2024 in Geneva, highlighting fragile recovery in global maritime trade after 2.4% growth in 2023. The report warns that Suez and Panama canal vulnerabilities are extending shipping routes and raising costs.
It calls for resilient infrastructure, decarbonization and support for vulnerable economies.
Rising shipping costs from rerouting feed into higher landed prices for imported feed grains and ingredients, especially in small island and least developed importing nations.
unognewsroom.orgOct 22, 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.
