The cost of sea freight out of China continued to drop this month from record highs early this year, as overseas demand slackened and domestic Covid-19 outbreaks disrupted trucking.
The China Containerized Freight Index (CCFI), a measure of export container shipping prices to major markets, declined to 3109.78 for the week ending Friday, down 0.6% from the previous week and 13.3% lower than the early February peak, data from the Shanghai Shipping Exchange show.
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