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Feed additive analyst Martijn de Cocq says container freight rates have fallen to near 2020 lows, with USD 1,000 per container now versus USD 10,000 in early 2022. Global oversupply of vitamins and amino acids persists as lower pig numbers reduce additive use.
Cheaper ocean freight lowers landed costs for imported additives, while persistent oversupply keeps amino acid prices weak for feed compounders.
foodagribusiness.worldMartijn de CocqMay 30, 2023Not 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.
