Hapag-Lloyd’s farm service withdrawal follows grains, beans boom — Panjiva
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Hapag-Lloyd’s farm service withdrawal follows grains, beans boom

Ags - Grains/Beans 318 Ags - Meat/Dairy 268 China 3049 Consumer Staples 805 Corp - Shipping 1027 European Union 879 Mode - Containerized 1524 Mode - Seaborne 1845 U.S. 5400

The availability of shipping containers is proving a challenge for agricultural supply chains as container lines, reportedly including Hapag Lloyd, suspend exports from the U.S. to prioritize the backhaul of equipment to China. U.S. seaborne exports of farm goods climbed 8.8% year over year in the first 20 days of October after a 33.4% rise in Q3’20. Cereals surged 68.0% higher in October while oilseeds rose by 17.2%, in part due to Chinese purchasing as part of the phase 1 trade deal with the U.S. Farm goods exports handled by Hapag-Lloyd rose by 28.3% year over year in Septemb...

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