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Flexport reports that Asia-to-Europe container rates remain about $2,500 above prior non-COVID years in April, with carriers announcing further $1,000 increases for May. Weekly capacity on the Far East to North Europe route rose 18% from March to April before dropping 6% into May.
Persistently high container rates and tight capacity raise the cost of moving feed ingredients and related trade flows, supporting higher ocean freight pricing.
flexport.comTrine NielsenMay 2, 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.
