Buyers enjoy summer break
Traders in China report that as it is July, many buyers are on holiday. There are only very few enquiries for prompt shipments and for the new crop. Patience is required until the new crop arrives in autumn. Export price, however, by no means reflect this firm market situation.
Freight rates rise further
Issue is that freight rates are still going up, despite the domestic market being firm. Shipments to European main ports currently cost around USD 8,500 in a 20’ container. This has driven up export pr