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From MFAT’s Latest (8 June) Monitoring International Supply Chains Newsletter

From MFAT’s Latest (8 June) Monitoring International Supply Chains Newsletter

“In Korea, air freight costs have begun to reduce as flight connections have increased. Freight forwarders report that costs for air freight between New Zealand and Korea are currently around twice as high as pre-COVID-19 levels (NZD7.3 per kg compared with NZD3-4 per kg). This is an improvement on April prices and significantly lower than the cost of air freight between Korea and the United States, which is currently 4 times higher than March/April prices.”

“Korea: A reciprocal arrangement has been reached so that PDF copies of certificates for animal and plant products will be accepted in lieu of delayed original certificates due to COVID-19 disruptions.”