# Bulk Ocean Freight Rates Continued To Rise

> Ocean freight for bulk grain rose in the second quarter of 2021, with US Gulf to Japan averaging $65.94/mt, up 26% quarter on quarter. Pacific Northwest to Japan averaged $38.34/mt and US Gulf to Europe averaged $23.19/mt. Rates were supported by economic reopening, stimulus spending and strong grain and bulk flows.

- Date: 2021-07-27 · published 2021-07-27T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/46267-bulk-ocean-freight-rates-continued-to-rise
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Sustained freight increases raise the cost of exporting US grain and meal, which narrows the basis and supports higher delivered prices for importers. Feed buyers in Asia and Europe face higher landed costs.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/bulk-ocean-freight-rates-continue-rise-2q2021

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