Palm oil freight rates diverge on increased tonnage, buoyant demand | Freight and CPO May

 

Freight rates for vessels carrying palm oil from Southeast Asia to key destinations in the region were on divergent paths in the week to Wednesday, May 15 from the previous week, driven by healthy demand for palm and more available tonnage.
Rates for 18,000-20,000-tonne vessels carrying palm oil from Southeast Asia to the west coast of India and Pakistan dipped by $1 per tonne week-on-week to $47 per tonne, while freight rates for 10,000-12,000-tonne vessels from Southeast Asia to…