Freight surge, container shortage disrupt global rice trade

Surging freight rates and tightening container availability are disrupting global rice trade flows, with higher costs and logistical constraints slowing deal-making across key export routes, sources told Platts, part of S&P Global Energy. Breakbulk freight to West African destinations such as Abidjan has risen to $74-$79/mt over the past two weeks, and that no further bookings have been made atSurging freight rates and tightening container availability are disrupting global rice trade flows, with higher costs and logistical constraints slowing deal-making across key export routes, sources told Platts, part of S&P Global Energy. Breakbulk freight to West African destinations such as Abidjan has risen to $74-$79/mt over the past two weeks, and that no further bookings have been made atRead More