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Panamax and Capesize freight rates rose in the second half of March as the count of ballasters fell and South Atlantic loaded volumes exceeded demand benchmarks. Analysts say the rally reflects tighter vessel supply as well as demand, but they flag risks from the weak Chinese economy and falling iron ore prices.
Higher large-vessel rates from South America raise the cost of shipping soybeans, corn and meal to importers, supporting delivered feed prices.
airfreight.newsMar 20, 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.
