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Brazil–China Capesize freight rose more sharply than West Australia–China freight for a second consecutive week. The C3–C5 spread reached $21.92 per metric tonne, above its 52-week reference average of $19/mt.
The wider spread means shipping grain and other bulk commodities from Brazil to China costs more relative to the West Australia route. Higher freight can raise delivered costs for buyers and reduce Brazil’s competitiveness at the margin.
maritimegazette.co.ukLuke SmoutNov 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.
