Dry bulk shipping rates have climbed to a two year high, driven by stronger demand for Capesize vessels and a tightening supply of ships. Disruptions in iron ore exports are adding further strain, while the conflict in the Middle East is also lifting freight costs. The combined effect is worsening the cost pressure for exporters and shipping buyers.
Asia’s key rice export hubs are seeing limited activity as freight costs climb sharply following conflict in the Middle East. Traders say buyers are holding back until shipping rates ease, keeping prices muted. Still, Bangladesh’s domestic market remains firm ahead of Eid-ul-Fitr, with aromatic rice demand picking up despite the broader export slowdown.
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