Oilseeds - Oilseeds

Oilseeds update: recovery of freight rates might be short-lived

April 1, 2021 3:37 PM, Der AUDITOR
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FRANKFURT. Monitoring of the oilseed sector with day-to-day price comparisons.

In the Indian sesame seed market, prices remained stable this week. Meanwhile, sowing for the summer crop is progressing at a rapid pace and a new tender from South Korea is expected next week.

In the Chinese pumpkin seed market, export prices are also holding last week's level with slight adjustments. In the meantime, freight costs for a 20' FCL from China to Hamburg have dropped again to USD 3,700. Due to the blockade of the Suez Canal by the freighter "Ever Given", which lasted for days, market players expect that freight prices could pick up again at the beginning of A

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