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Journal of Commerce reports that US agricultural exporters fear higher bunker fuel costs tied to the global low-sulfur mandate will make their container shipments uncompetitive. Exporters are preparing to negotiate freight terms with carriers.
Higher container and bunker surcharges could reduce US export competitiveness for agricultural products and weigh on export volumes and freight-linked basis.
joc.comBill Mongelluzzo, Trans-Pacific }Jun 17, 2019Not enough comparable past events yet for a historical read.
After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
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.
