# External forces impeding grain shipments | World Grain

> The IGC Grains and Oilseeds Freight Index rose 19% year on year to 177 on Dec. 12, recovering from a 52-week low of 117 in July. Capesize and Panamax rates rose sharply in November, driven by port congestion and disrupted trade patterns. Analysts cite war, supply chain disruption and drought as added pressures on 2024 shipping costs.

- Date: 2023-12-22 · published 2023-12-22T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32464-external-forces-impeding-grain-shipments-world-grain
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher bulk freight rates raise landed costs for grain and oilseed imports into feed-buying regions, supporting import-parity prices for feed ingredients.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- world-grain.com: https://www.world-grain.com/articles/19423-external-forces-impeding-grain-shipments

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