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Pumpkin seeds: the unstoppable rise in freight rates

July 6, 2021 2:12 PM, Der AUDITOR
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BEIJING. During the summer months, spot purchases in the Chinese pumpkin seed market are rather rare, and the seemingly unstoppable rise in freight costs in recent months also makes exports from China less lucrative for foreign buyers.

Freight costs exceed USD 8,000

At the beginning of the year, prices for a 20' FCL from China to the EMP had first climbed to a record level of USD 4,000, and since then prices have doubled again. It currently costs up to USD 8,000 to ship a 20' FCL from China to Hamburg. The worldwide container shortage that has been going on for months, triggered by the coronavirus pandemic and fuelled by the accident of the "Ever Given" in the Suez Canal at the end of March, is taking its toll and market players do not yet dare to speculate when prices will finally

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