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Congestion from heavy fresh fruit exports out of Chile, Peru and Ecuador has delayed freight vessels carrying shrimp from Ecuador and Peru by two to four weeks. Merger-related changes at Japanese shipping lines and Panama Canal congestion also slowed deliveries to the EU.
Shipping delays on South American routes raise freight costs and transit times for affected cargoes, but the effect on feed commodity prices is limited.
freshplaza.comApr 30, 2018Not 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.
