National Ag News
Cost of shipping commodities overseas higher
Dec 13, 2017, 16:33 PM
by
System
A shipping expert says the cost of sending commodities overseas has risen.
Martin Faubion with Texas International Shipping tells Brownfield that sending 74-thousand tons of corn or soybeans from New Orleans to China through the Panama Canal would cost around 34 dollars a ton today, and that doesn’t count the cost of getting the grain to New Orleans. Rates were even higher topping 40 dollars a ton earlier this year.
He says coal and steel shipments are up worldwide.
Continue reading Cost of shipping commodities overseas higher at Brownfield Ag News.
