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The Baltic Exchange dry bulk index rose 1.4% to 2,069 points on March 1, 2022, snapping three sessions of declines. Rates rose across capesize, panamax, supramax and handysize segments.
Rising dry bulk rates raise the landed cost of imported grains and meals, and firmer fuel prices add further upward pressure on freight.
reuters.comMar 1, 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.
The Baltic dry index rose on March 1 with gains across all vessel segments, directly reflecting higher dry bulk freight at the end of the window.
