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Global shipping is still affected a month after the Ever Given blocked the Suez Canal for about a week. High sea freight rates and traffic jams are pushing exporters to use air and rail routes.
Persistent port congestion and high freight rates raise delivery costs and slow trade flows. Those costs can widen import-export price spreads for bulk commodities.
asia.nikkei.comKAZUTO SHIMADA, TAKESHI KUMON, Nikkei staff writersMay 2, 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.
