# Lockdowns, freight and currency challenges fueling high feed additive prices - Supply Chain Council of European Union | Scceu.org

> Feed additive suppliers warn that Chinese New Year shutdowns, plus record sea and air freight costs and congestion, will disrupt timely deliveries. The US dollar has weakened toward 2018 lows against the renminbi, with USD/CNY near 6.47, down about 6.1% over the year. European and US producers with strategic stock are expected to benefit.

- Date: 2021-01-15 · published 2021-01-15T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/49079-lockdowns-freight-and-currency-challenges-fueling-high-feed-additive-prices
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Record freight costs and port congestion raise landed costs for imported feed ingredients and additives. A weaker dollar against the yuan makes US-dollar purchases from China more expensive for buyers paying in dollars.

## Read by commodity

- USDCNY: bearish ▼
- OCEANFRT: bullish ▲

## Sources

- scceu.org: https://scceu.org/lockdowns-freight-and-currency-challenges-fueling-high-feed-additive-prices/

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