# Global Shipping Rates are on the Increase - Haul Produce

> 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.

- Date: 2024-08-27 · published 2024-08-27T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/17008-global-shipping-rates-are-on-the-increase-haul-produce
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

This mainly affects container freight rather than bulk grain, though elevated shipping costs can add to landed feed ingredient costs for importers.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- haulproduce.com: https://haulproduce.com/2024/global-shipping-rates-are-on-the-increase/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.