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Drought reduced Australian freight demand
24/09/2026
Between 2016 and 2019, drought periods in Australia reduced demand and weighed on grains and oilseeds freight values, according to the GOFI long-term trend.
International Grains Council (2026)
International Grains Council. (2026, September 24). Ocean Freight for Grains and Oilseeds: Logistics, Shipping Economics and Marine Insurance [Webinar presentation, slide 'Freight: Over the past decade, the biggest increase in grains and oilseeds shipping costs has been in South America']. https://igc.int/en/public-site/webinars.aspx.