# Freight prices could soar to pandemic heights

> A market intelligence firm says strong sea freight demand has surprised markets and a surge in the upcoming peak season could push container costs back to mid-2021 pandemic levels. Freightos FBX rates from China/East Asia to North Europe reached about US$7,114/FEU, and port congestion hit an 18-month high while German union Verdi announced port strikes.

- Date: 2024-06-21 · published 2024-06-21T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/30125-freight-prices-could-soar-to-pandemic-heights
- Commodities: [Methionine](https://feedsoft.ai/c/METH.md), [Lysine](https://feedsoft.ai/c/LYSINE.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher ocean freight raises landed costs of feed amino acids such as lysine and methionine imported into Europe and elsewhere, pushing up feed formulation costs for buyers.

## Read by commodity

- METH: bullish ▲
- LYSINE: bullish ▲
- OCEANFRT: bullish ▲

## Sources

- agnavigator.com: https://www.agnavigator.com/Article/2024/06/21/freight-prices-could-soar-to-pandemic-heights/

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