Loading…
Mediterranean Shipping Company announced a general rate increase effective September 13, 2021 on cargo from US West Coast ports (Long Beach, Oakland, Seattle) to the Indian Subcontinent, Middle East and Red Sea. The increase covers dry, reefer and special equipment.
Higher container rates from the US West Coast add cost to exports of feed-related products to these destinations, though the effect on bulk grain prices is limited.
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.