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Significantly higher container freight rates and early shipment delays from Asia to Europe are pushing up spot and early Q2 prices for lysine and threonine, despite weak FOB China prices. Freight is being rerouted via South Africa instead of the Suez Canal to avoid Red Sea attacks, and methionine is relatively static.
Rerouting and freight cost spikes raise landed amino acid costs for feed buyers in Europe, and the price gap versus weak Chinese FOB quotes shows the increase is freight-driven rather than demand-driven.
foodagribusiness.worldFeed additive pricesJan 10, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
