Global container shipping costs are rising to a record high due to a surge in cargo demand on US and European routes, a shortage of empty containers in Asia and a shift in demand. the transport flows as a result of the Covid-19 pandemic.
The cost of the seagoing vessel increased 3 - 4 times (from about 3 - 5 cents 1 / lb in the past to 13 - 15 cents / lb) in November and the first days of December, causing difficulties to the export of cashew. factories sold CNF as well as FOB.
For factories that have signed to sell far from CNF, it is assumed that the exporter suffers an additional loss of 10 cents / lb on average to the cost equivalent to US $ 3,500 per container. Particularly for factories selling FOB, although not subject to freight charges, there are also difficulties because US and European customers request to delay delivery until January to wait for lower rates, some other customers are quantity suggested the seller to share and support the freight.
Due to the increase in freight rates, the cost of docking in the US and Europe also increased, leading to when buying new goods, buyers are paying down prices to compensate for the freight in the context of unpredictable consumer markets due to economic difficulties. towels in covid translation. According to some experts, this could also be the price trend for Q1 / 2021.
Cashew factories in Vietnam face numerous difficulties in 2021 when the covid epidemic is still complicated in the world, production imbalance due to low kernel prices, raw material prices and freight rates. Although the export volume has continuously set a new record
Steve - Asiafri commodity news
