Loading…
Australian grain shippers are favouring bulk over containers for nearby slots because of a shortage of 20-foot containers linked to COVID-19 disruption in China and blank sailings to north Asia. Bulk freight rates have reportedly halved.
Shifting volume to bulk sea freight while bulk rates fall lowers shipping costs for Australian grain and feed exports, though container shortages remain a risk to containerised shipments.
graincentral.comLiz WellsMar 25, 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.
