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Asia-US container rates rise, tanker rates ex-USG soften as Asia port congestion intensifies

Rates for shipping containers from east Asia and China to the US were mostly higher this week while rates for liquid chemical tankers ex-US Gulf were mostly softer, all while schedule reliability is…

  • Asia-US container rates rise to 7,800/FEU, highest since mid-2022
  • Tanker rates from US Gulf to Asia soften, chemical rates lower
  • Port congestion in Asia intensifies due to three named hurricanes

From abundance to aridity — El Niño poses threat to SA’s summer grain crop

Following a strong harvest, South African farmers prepare for a challenging summer grain season, with rising El Niño conditions threatening severe late-season drought and heatwaves.

  • El Niño conditions intensifying threat to SA's summer grain crop
  • Eastern regions have good soil moisture from prolonged summer rainfall
  • El Niño expected to bring severe late-season drought and heatwaves

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