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Diverted shipping routes are changing trade flows

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The chief economist for the National Grain and Feed Association says he’s watching how global agricultural trade routes are shifting because of political unrest.

Max Fisher tells Brownfield shipping through the Suez Canal is diverting to safer regions to avoid the Middle East.

“It’s adding time, adding costs and it’s changing flows,” he says.  “Like in the case of grain, you now have more grain going out of the Pacific Northwest, which is a straight shot over to Asia rather than out of the Gulf.”

Unfortunately, he says the Pacific Northwest only has so much export capacity.

Diverted shipping routes are changing trade flows