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Houthi attacks in the Red Sea have forced prolonged rerouting of shipments, pushing freight rates higher. The disruption is also causing congestion in Asian and European ports.
Longer voyages absorb more vessel capacity and raise ocean freight costs for grain and oilseed cargoes moving between Asia, Europe and other origins.
reuters.comSep 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.
