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A Montreal freight broker says ocean freight rates have been climbing from fairly healthy 2017 levels. The broker forecasts further increases unless a US-China trade war erupts.
Brokers note that the growth in new vessel supply has levelled off.
Higher ocean freight raises the landed cost of Canadian grain and oilseeds in export markets, which can widen the price gap for Canadian origin. A stronger freight market supports Canadian export competitiveness and origin basis.
producer.comadminApr 26, 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.
