Insights and Stories on Red Sea

Jan. 18, 2024 at 10:22 am CST

The situation in the Red Sea has led to a slowdown in Ukrainian agricultural exports in January, agriculture minister Mykola Solsky said on Thursday.

By emma-farge, Pavel Polityuk, Reuters

Jan. 17, 2024 at 3:22 pm CST

Corn and soybean contracts hit new lows, while wheat saw its weakest prices in nearly two months on the Chicago Board of Trade (CBOT) during the week ended Jan. 17. 

By Adam Peleshaty - MarketsFarm

Jan. 17, 2024 at 8:36 am CST

The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, has dropped sharply over the past month after hitting 18-month highs in early December. Meanwhile, container rates have climbed higher over the same period as attacks by Houthi militants in the Red Sea have caused many shipping companies to divert their vessels.

By Phil Franz-Warkentin

Jan. 16, 2024 at 10:18 am CST

An attack on a dry bulk carrier this week in the Red Sea region is set to lead to more diversions of grain cargoes around the Cape of Good Hope but most are still willing to risk using the Suez Canal for now, shipping sources said on Tuesday.

By Reuters

Jan. 12, 2024 at 1:43 pm CST

Container shipping rates for key global trade routes have soared this week, with U.S. and UK air strikes on Yemen stirring fears of a prolonged disruption to global trade in Red Sea, one of the world's busiest routes, industry officials said on Friday.

By Jonathan Saul, Lisa Baertlein, Reuters