# Freight rates rise again on strong demand

> Freight rates rose in the week to August 23, with the Brazil-Northeast Asia route reaching $39.80 per tonne and US Gulf-Northeast Asia reaching $53 per tonne. Strong Brazilian grain exports and Panama Canal delays were the main supports, with around 80 bulk carriers waiting to transit.

- Date: 2023-08-28 · published 2023-08-28T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/33987-freight-rates-rise-again-on-strong-demand
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Rising ocean freight increases delivered costs for South American and US grain into Asia, supporting freight-linked spreads and tightening export competitiveness.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/freight-rates-rise-again-on-strong-demand/
- fastmarkets.com: https://www.fastmarkets.com/insights/freight-rates-rise-again-on-strong-demand/

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