Oilseeds update: freight charges continue to rise

December 8, 2020 at 3:25 PM , Der AUDITOR
Play report as audio

FRANKFURT. Monitoring of the oilseed sector with day-to-day price comparisons.

Export demand has risen sharply in China, albeit not for pumpkin seeds. The trend has, nevertheless, driven up freight charges. Issue is that not as many ships are as yet available as in pre-pandemic times, which is prompting bottlenecks in loading and container availabilty. Freight charges have tripled within the last few months. Charges for shipments of 20' containers to Europe currently range at USD 3,400/mt and for 40' containers at USD 6,400/mt.

Sesame seed traders in India are still holding back with offers with shipments to the EU. Recent talks between India's exporters' asso

View related articles

Go to the News Overview
Grains
Nov 1, 2024
BRUSSELS. Russia’s failed attempt to drive up wheat prices has slowed shipments. Ukraine’s corn exports are 18% up. Rain has prompted sowing to gain pace for soybeans in Brazil and Argentina. Rumour has it that China will slash retaliatory tariffs on Canada's canola.
Oilseeds
Oct 31, 2024
OTTAWA. Although the Canadian flaxseed crop is smaller than in recent years, market players are currently reporting high demand from China. The EU could also be an interesting sales market this season if the export potential was not limited.
Oilseeds
Oct 31, 2024
OTTAWA. The Canadian mustard seed harvest has so far resulted in lower yields than initially hoped for, but the crop result remains significantly better than in previous years.
Oilseeds
Oct 30, 2024
SOFIA/DALIAN. Disappointing crops in the European sunflower seed market are driving some suppliers to take drastic measures. In the Chinese market, however, the new crop is causing prices to fall.