Airfreight rates on key trade lanes out of Hong Kong declined only slightly in June, reflecting the quieter summer period and despite the Middle East conflict.

The latest data from the Baltic Exchange Airfreight Index, which uses TAC Index data, showed that average rates - both spot and contract - from Hong Kong to North America in June declined to $4.99 per kg from $5.08 per kg a month earlier.

Compared with last June, rates on the trade are down 13.2% but this perhaps reflects the strength of the market going into the summer last year as much as it does the current uncertainty.

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