Loading…
Bloomberg reports that dry-bulk shipping costs have risen sharply since July, with the Baltic Exchange's main freight gauge at its highest in almost four years. Capesize rates have more than tripled, driven largely by Chinese demand for coal and iron ore.
Grain shippers using Panamax, Supramax and Handysize vessels are also facing higher rates.
Higher freight costs raise the landed price of grain and feed ingredients and can squeeze trader margins. Buyers should expect higher delivered costs for imported feed raw materials.
thepacker.comBloombergSep 23, 2022Not 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.
