National & World Ag News Headlines
Bulk Ocean Freight Rates Begin Lower in 2020
USAgNet - 01/10/2020
Ocean freight rates for shipping bulk grains fell during the first week of the year, compared to the previous week and the same period a year ago.
As of January 2, the rate for shipping a metric ton (mt) of grain from the U.S. Gulf to Japan was $45.75--2 percent less than the previous week and 3 percent less than the same period a year ago.
The rate from the Pacific Northwest (PNW) to Japan was $25 per mt-- 2 percent less than the previous week and unchanged from the same period last year.
Historically, ocean freight rate markets change little during December and January because of the various holidays.
Also, 29 oceangoing grain vessels were loaded during the week ending January 2, nearly as many as in the same week last year (30 vessels).
Rate changes depend on many factors including the recently enforced International Maritime Organization regulations on low sulfur emission by oceangoing vessels and other trade issues.
Send this article to a friend
Other National Headlines
Pork Exports Trend Lower; Another Tough Month for Beef
FSA Offers Joint Financing Option on Direct Farm Ownership Loans
USDA Offers Loan Deferrals for Farm Storage Facilities
Surge in Child ATV Injuries Likely Lined to Pandemic
Zoetis Reports Slight Increase in Revenues, Earnings
Senators Push to Protect Local Products from Unfair Trade Tactics
States Continue Push for Cattle Market Structural Changes
Copyright © 2020 - USAgNet.com. All Rights Reserved.