Topic “Asia” — Exporter Magazine

The average Asia-Europe all-in freight declined 10% in April, according to Container Trades Statistics (CTS), which also revealed that rates on routes to the western Mediterranean, North Africa fell 7.4% and 9% on eastern Med and Black Sea trade lanes, according to the Shipping Gazette. Two of the new functional systems under Cargill’s Asian ingredients brand, Protex CF 6205 and Protex CF 6206, are intended for use in Mochi buns and donuts, Japanese delicacies traditionally made from pounded and shaped glutinous rice but which can also be made from rice flour. New Zealand Winegrowers’ global marketing director Chris Yorke said the results from the two competitions are a boost to the profile of the New Zealand wine industry at a time when it is working to continue its success in Australia and expand its presence in Asia. Air freight rates from Asia to Europe continue to decline as a weakening euro and doubts over economic growth create uncertainty among retailers, according to International Freight Weekly (IFW). US Commerce Secretary Gary Locke leads an Asian mission for senior executives from 24 American companies to showcase the best of America’s energy, energy efficiency, electricity energy storage, transmission and distribution technologies, according to a UPI report. DHL expects airfreight demand from Asia to pick up this year with China leading the demand. Global imbalance of supply and demand will continue into Q2 and Q3, so capacity is likely to stay tight.