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Global container shipping rates are rising toward pandemic-era records, driven by tight capacity and Red Sea disruption. Brazilian forwarders report northbound container rates to the US, Central America and the Caribbean have doubled since mid-June.
Rates reportedly reach $5,000 to $6,000 per FEU.
This mainly affects container freight rather than bulk grain, though elevated shipping costs can add to landed feed ingredient costs for importers.
haulproduce.comBill MartinAug 27, 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.
