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Drewry's World Container Index fell 1% to $4,389 per 40-foot container on November 5, marking a second weekly decline. About 60% of Asia-Europe capacity was using the Suez Canal, while shorter vessel waits at Shanghai and softer cargo demand also eased pressure on rates.
More vessels returning to the Suez route release shipping capacity and shorten voyages, while softer demand further weighs on freight rates. Lower ocean freight costs can reduce delivered costs for traded feed ingredients.
utopianexpress.comNov 9, 2026Not 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.
