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An S&P Global podcast discusses whether the six-day Suez Canal blockage is driving a spike in container freight rates. Experts also consider whether broader issues explain upcoming port delays.
The discussion covers effects on agricultural, metals and petrochemical markets.
Rising container rates and port delays can raise shipping costs and create arbitrage effects for agricultural commodities.
spglobal.comGeorge Griffiths, Greg Holt, Barbara TronerApr 23, 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.
