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S&P Global Platts launched a new daily Supramax freight assessment and two time charter equivalents for grain cargoes from Argentina to Bejaia, Algeria, effective November 2, 2020. The benchmarks reflect growing trans-Atlantic grain trade from South America to the Mediterranean.
A new price benchmark improves transparency for South American grain freight to North Africa, but it is a data product launch rather than a supply or price shock.
spglobal.comNov 2, 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.
