Loading…

Asia-Europe container spot rates rebounded in October after bottoming in late September. According to Xeneta, Far East to North Europe rates rose 6.8% week-on-week to $3,698 per FEU, and Far East to Mediterranean rates rose 5.8% to $4,442 per FEU.
Container freight is not a core feed-ingredient cost, so the direct effect on feed buyers is small. The rise does show that strong European demand is outweighing capacity returning through the Red Sea.
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.