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Freightos reported that ocean container freight rates stabilized in 2017 after the 2016 Hanjin bankruptcy, though spot rates trended down through the year. China-to-West Coast rates peaked at $2,100 per FEU in February and dipped to $962 in December.
Container freight stability and excess capacity keep ocean costs low for containerized feed ingredients such as additives and specialty meals. Weak container rates offer limited direct support to bulk feed commodity prices.
ttnews.comAri AsheJan 24, 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.
