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CMA CGM announced new SPGO dry cargo rates of USD 500 per unit for shipments from Mediterranean ports to the Far East, Middle East, Gulf and Red Sea, effective November 16, 2020. The notice is a routine liner rate update.
Container freight rate changes on Mediterranean-Asia lanes have little direct bearing on feed ingredient prices or grain bulk freight.
ajot.comAJOTNov 17, 2020Not 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.
