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Dry bulk freight rates rose for a second straight week, driven by congestion at Chinese ports after Typhoon Chanthu and COVID-related lockdowns in Putian. Fuel costs also edged higher.
Port bottlenecks and higher fuel costs push up ocean freight on grain and oilseed routes, raising landed feed costs for importers.
fastmarkets.comEduardo TintiSep 22, 2021Not 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.
