# What’s in store for grain shippers? | World Grain

> The International Grains Council's Grains and Oilseeds Freight Index fell from 177 points in mid-December 2023 to 129 on Dec. 10, 2024. Shipping consultancy MSI reported that owners' expected late-2024 seasonal demand spike was met by sharply lower freight rates. Weaker Brazilian iron ore exports to China weighed on capesize rates and the broader bulk market.

- Date: 2024-12-20 · published 2024-12-20T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/16977-what-s-in-store-for-grain-shippers-world-grain
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower bulk freight reduces delivered costs for grain and meal importers, but a fleet with modest 2025 expansion could support rates if demand recovers.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- world-grain.com: https://www.world-grain.com/articles/20840-whats-in-store-for-grain-shippers

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