Source: AGWEB, 12/5/17


It’s getting more expensive to transport commodities around the world, threatening to squeeze profits for global traders and raise food prices. The Baltic Dry Index, a benchmark of shipping rates, surged 73 percent in 2017 to a four-year high because of a slowdown in new bulk freight capacity. More than 85 percent of global trade in grains and oilseeds is transported by dry-bulk carriers, according to Rabobank International.

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