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The Suez Canal Authority raised transit tolls by 5%, 7% or 10% depending on vessel type, effective 1 March, following an earlier 6% increase. A large container ship now faces a one-way toll of about $675,000.
Higher canal tolls raise the cost of shipping grains and feed ingredients between Europe, Asia and the Americas, adding to delivered costs for importers.
freightwaves.comLori Ann LaRoccoFeb 28, 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.
