Movement of blueberries from Peru to the US expected to decrease seasonally

Ocean freight rates are an important component to pricing on imported goods. According to data from Freightos.com, shipping rates for a 40-foot container from Asia to the U.S. West Coast have dropped by over 80% since April 2022, while rates to the East Coast have fallen by nearly 2/3. Many rates are once again at pre-pandemic levels. More importantly, the congestion at key ports has significantly eased, eliminating the weeks or months-long delays which some shippers had experienced starting in late 2020 and lasting through mid-2022 and which resulted in major condition issues for highly perishable specialty crops stuck onboard in some cases. One key driver behind these declines is likely to be a reduction in consumer spending over the past two years, resulting in less demand for ocean freight. Movement of blueberries from Peru imports through Miami, Philadelphia, and New York ports of entry via boat expected to decrease seasonally. Trading moderate with prices unchanged. Flats 12 ...