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Ocean container carriers have raised freight rates on east-west trades by moving capacity away from oversupplied markets, according to Drewry Shipping. The gains are affecting north-south trade lanes as well.
Container freight is not a core driver of bulk feed ingredient prices, so the effect on feed commodity prices is minimal.
joc.comBruce Barnard, Special CorrespondentJun 12, 2017Not 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.
