# Baltic index scales near 3-month peak on strong demand across vessels | Reuters

> 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.

- Date: 2022-03-09 · published 2022-03-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11759-baltic-index-scales-near-3-month-peak-on-strong-demand-across-vessels-reuters
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/asia/baltic-index-nears-3-month-peak-higher-demand-across-vessels-2022-03-10/
- reuters.com: https://www.reuters.com/markets/asia/baltic-index-scales-near-3-month-peak-strong-demand-across-vessels-2022-03-09/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.