# Global shipping bottlenecks and Canadian agriculture | FCC

> FCC reports that global container shipping capacity has been reduced by detours around Africa due to Red Sea unrest, requiring more ships for the same tonnage. Low Panama Canal water levels, weather and port labour issues have added to bottlenecks. Ocean freight rates have risen over the past year, with the Baltic Dry Index roughly doubling, though remaining below 2021 record levels.

- Date: 2024-07-17 · published 2024-07-17T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/17014-global-shipping-bottlenecks-and-canadian-agriculture-fcc
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher ocean freight costs raise landed costs for imported feed ingredients and reduce competitiveness of exported grains from origins needing long routes. Feed buyers should expect elevated freight into Asia and other distant markets.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- fcc-fac.ca: https://www.fcc-fac.ca/en/knowledge/economics/global-shipping-bottlenecks-canadian-agriculture

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