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The cost for Latin American countries to import U.S. diesel by vessel is rising due to limited supply and higher freight. Ultra low sulfur diesel on the U.S. Gulf Coast reached $3.60 a gallon, about double April 2021 levels.
One Houston-to-Caribbean charter cost roughly $1.2 million, nearly four times normal.
Higher diesel and freight costs push up logistics expenses for feed and grain moving into Latin America and across export routes. The shortage reinforces energy-driven cost pressure on agricultural supply chains.
reuters.comLaura SanicolaApr 5, 2022After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
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.
