THE BIG PICTURE
121.6% year-on-year. In mid-July, Norman Global reported average spot rates from the Far West to US West Coast had ‘risen 200%’ since April. Some good news comes from a July 18 Shipping Watch article suggesting prices for shipping have already peaked, with price inflation on global routes slowing significantly compared with the preceding weeks. As we enter peak season for shipping for many regions around the world, traders will be keeping their fingers crossed that this deceleration sees more reasonable, trade-friendly pricing moving forward. 3 • Berbera port in Somaliland, a new outlet for Ethiopian pulses Since the secession of Eritrea from Ethiopia in 1993, Ethiopia has become the world's most populated but landlocked country. It is also one of the world's largest producers
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