# Rising ocean freight rates should help Canada

> 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.

- Date: 2018-04-26 · published 2018-04-26T12:00:00.000Z
- Category: logistics · region Canada · magnitude low
- Page: https://feedsoft.ai/events/65708-rising-ocean-freight-rates-should-help-canada
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- producer.com: https://www.producer.com/markets/rising-ocean-freight-rates-should-help-canada/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.