Chinese Vice Premier Liu’s commitment to buy an additional 5 million tons of U.S. soybeans is encouraging, but it is not the answer. We need an agreement at the end of this 90-day period that specifically rescinds the tariff that China has imposed on U.S. soybean imports.
American Soybean Association President Davie Stephens
Spot container rates from Shanghai to North Europe stood at $906 per TEU as of Feb. 15, while rates from Shanghai to the Mediterranean totaled $920 per TEU, down 5.6 percent and 4.4 percent, respectively, from a week prior, according to the Shanghai Containerized Freight Index.