# Effects of shipping congestion on Latin American trade varied

> Freshplaza reports that container shortages and booking delays of up to six weeks are congesting Asia-to-Latin America shipping, with freight from Asia to Panama rising from $4,000 to $15,000 per container. COVID infections at Yantian port added to delays and higher freight rates.

- Date: 2021-07-16 · published 2021-07-16T12:00:00.000Z
- Category: logistics · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/45956-effects-of-shipping-congestion-on-latin-american-trade-varied
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Lysine](https://feedsoft.ai/c/LYSINE.md), [Methionine](https://feedsoft.ai/c/METH.md)

## Why it matters

Soaring container costs and delays raise import costs for Latin American buyers of feed ingredients and additives, such as amino acids and premixes, and can squeeze feed margins in the region.

## Read by commodity

- METH: bullish ▲
- LYSINE: bullish ▲
- OCEANFRT: bullish ▲

## Sources

- freshplaza.com: https://www.freshplaza.com/latin-america/article/9339985/effects-of-shipping-congestion-on-latin-american-trade-varied/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.