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Seaborne agricultural trade hit a record 716.5m tonnes in 2025, up 1% from 2024, according to Ursa Shipbrokers. Volumes rebounded in the second half of 2025 and January 2026 loadings rose 8% year-on-year, the strongest January in nearly a decade.
East Coast South America and the US Gulf led the gains.
Stronger grain loadings tighten vessel supply and support ocean freight rates, which raises landed costs for feed grain and meal importers.
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