Maersk, MSC and CMA CGM announced November increases to freight rates and surcharges on several routes from Asia to the Middle East, Europe, the Mediterranean, the Black Sea and North Africa. The adjustments include peak-season and overweight surcharges, as well as piracy-risk and Suez Canal charges on some routes.
Higher container freight rates and surcharges raise landed costs for feed ingredients shipped on these routes, potentially reducing import demand or adding to buyers’ costs. The increases are supportive of ocean freight rates.
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.