Maritime freight rates are affecting Brazilian trade in the face of global pressures.

2024-07-16 00:00

Maritime freight rates have increased by up to 400% in the past six months, impacting Brazil amid global inflationary pressures. This surge is partly attributed to attacks by the Houthis on merchant vessels in the Red Sea, a crucial route to the Suez Canal, which handles around 15% of the world's maritime trade.

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