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Dry bulk freight rates surged in March 2025, with the Baltic Dry Index up 67% for the month to 1,643 points. Traders rushed to secure iron ore, bauxite, agricultural products, steel and timber ahead of planned US tariffs announced for April 2.
Front-loaded buying ahead of tariffs lifts ocean freight demand and rates, which raises landed costs for imported feed ingredients.
splash247.comSplashMar 25, 2025Not 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.
