# Ripple effect of Suez Canal blockage continues to impact shipping trade - The HinduBusinessLine

> Indian leather and textile exporters face container shortages and freight rates that have reached an all-time high, with rates to the US and Europe several times pre-Covid levels. Shipments are waiting more than two weeks for containers.

- Date: 2021-05-25 · published 2021-05-25T12:00:00.000Z
- Category: logistics · region India · magnitude low
- Page: https://feedsoft.ai/events/46992-ripple-effect-of-suez-canal-blockage-continues-to-impact-shipping-trade-the
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

The story covers non-food container trade, so its direct effect on feed commodity prices is small. It does signal the broader container squeeze that is also limiting grain exports.

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/logistics/ripple-effect-of-suez-canal-blockage-continues-to-impact-shipping-trade/article34642690.ece

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