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10% Price Hike Seen for Clothes, Textiles, Leather, Furniture: Report

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The recovery of the global economy is threatened by high freight rates that are likely to continue in the coming months, UNCTAD said.
The container ship Proficiency of MOL in a port in Qingdao, China.
CREDIT: FeatureChina via AP Images

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The recovery of the global economy is threatened by high freight rates that are likely to continue in the coming months, according to the “Review of Maritime Transport 2021” from the United Nations Conference on Trade and Development (UNCTAD). The analysis shows that the current surge in container freight rates, if sustained, could increase global…

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