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CMA CGM announced a general rate increase effective June 15, 2017 on Asia to Panama, Caribbean and Cuba shipments under its PEX2 service. The increase is USD 1,050 per 20-foot container, USD 1,500 per 40-foot and USD 1,500 per 40-foot high cube.
Container rate increases on Asia-Caribbean lanes primarily affect general cargo rather than bulk feed ingredients, so the direct impact on feed commodity prices is minimal.
Not 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.