Ocean rates for agricultural exports to rise

Members of the Westbound Transpacific Stabilization Agreement (WTSA) recently announced they will increase their rates for shipping agricultural products by $50 per 40-foot container (FEU) and $40 per 20-foot container (TEU), effective October 1.

The WTSA is a voluntary discussion and research forum of 11 major container shipping lines serving the trade from ports and inland points in the United States to destinations throughout Asia.

The organization said the rate increases will apply to non-seasonal shipments of meal, flour, starches, feed grains, corn products, seeds and additives, along with seasonal shipments of grains, soybeans, cotton products, and leguminous vegetables.

Via Logistics Management.

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