# Baltic index marks biggest dip in over 3 months as capesizes drag - Supply Chain Council of European Union | Scceu.org

> The Baltic Exchange's main sea freight index fell 87 points, or 6.3%, to 1,297, its steepest decline in over three months. The capesize index dropped 11.7%, driven by lower capesize demand, while panamax and supramax indices were roughly flat.

- Date: 2020-10-29 · published 2020-10-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/12443-baltic-index-marks-biggest-dip-in-over-3-months-as-capesizes-drag-supply-chain
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A sharp drop in the Baltic index lowers ocean freight costs for dry bulk cargoes, including grain. Weakness is concentrated in capesizes, so the effect on grain freight is limited.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- scceu.org: https://scceu.org/baltic-index-marks-biggest-dip-in-over-3-months-as-capesizes-drag/

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