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CMA CGM announced a peak season surcharge of USD 100 per 20-foot and USD 200 per 40-foot container on cargo loaded from Pointe Noire, Republic of Congo, to India's west coast, the Middle East Gulf and the Red Sea, effective May 1, 2019.
The container surcharge affects general cargo freight costs on this African lane and has no direct effect on feed grain or commodity prices.
Not 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.