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ABC News
ABC News
Business

Interest rates bite sea freight demand as food growers prepare export plans

Global shipping prices have eased as more containers become available and competition for freight increases. (ABC News: John Gunn)

Table grapes from Western Australia will be carefully packed into shipping containers and exported to China over the coming weeks, with improved global shipping container rates and transit times a welcome benefit at harvest time for grape growers.  

Due to COVID-related ports congestion, sky-high shipping costs, and a shortage of containers, exporters of commodities including grain, fruit, vegetables, and meat have struggled to get product to markets over the past two years. 

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