VCFI Far East

The VCFI index records a 3.2% drop in the cost of Mediterranean freight in September

Export freight rates from Valencia fell in one month in all the areas analysed, except for East Africa The decrease in the Western Mediterranean (-10.26%) and the Far East (-1.34%) stands out The Valencia Containerised Freight Index (VCFI) has reached 4,762.46 points, accumulating a growth of 376.25% since the beginning of the series in 2018 The macroeconomic scenario notes a slowdown in economic activity worldwide. Port traffic has fallen in Northern Europe (-6.1%) and Southern Europe (-2%) Source: Valenciaport The Valencia Containerised Freight Index (VCFI) for the month of September drops by 3.2% the cost of Mediterranean freight, in a year marked by the ups and downs of the Index which is conditioned by the uncertainty marked by the geopolitical situation and world trade. This is the third month in 2022 that it has fallen, especially in some areas such as the Western Mediterranean (-10.26%). In the year-to-date, the VCFI, an index based on the export prices recorded by the Port of Valencia in 13 geographical areas around the world, has stood at 4,762.46 points, accumulating since the beginning of the series in 2018 a growth of 376.25%. The macroeconomic scenario, marked by high levels of inflation, interest rate hikes

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