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The Baltic Exchange dry bulk sea freight index rose to its highest level in nearly three months on March 9, 2022. The gain was driven by higher rates across capesize, panamax, supramax and handysize vessel segments.
Higher dry bulk freight rates raise the landed cost of grains and oilseeds imported by feed buyers. The move signals firm shipping demand that tends to pass through to ocean freight costs.
reuters.comMar 10, 2022reuters.comMar 9, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
