# Panamax rates to fall further on China’s dwindling demand for grain

> Drewry Maritime Advisors says falling Chinese demand for wheat and corn imports, alongside rising domestic production, will keep weighing on panamax tonne-miles. Australia-China panamax rates have trended down since the second half of 2024 and are unlikely to recover to March 2024 levels soon.

- Date: 2025-02-26 · published 2025-02-26T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/26248-panamax-rates-to-fall-further-on-china-s-dwindling-demand-for-grain
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower Chinese grain import demand reduces ocean freight demand for grain vessels, pressuring ocean grain freight rates and reducing the cost of shipping feed grains from Australia to China.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-02-13 | [U.S. grains: Soy up on prospects for Chinese demand - AgCanada](https://feedsoft.ai/events/54655-u-s-grains-soy-up-on-prospects-for-chinese-demand-agcanada.md) | +5.3% | +9.6% |
| WHEAT | 2020-01-31 | [Canadian grain exports behind on year due to poor Chinese demand](https://feedsoft.ai/events/55054-canadian-grain-exports-behind-on-year-due-to-poor-chinese-demand.md) | -0.2% | +2.9% |
| WHEAT | 2018-11-02 | [As China soy demand wavers, U.S. farmers turn back to grains](https://feedsoft.ai/events/62089-as-china-soy-demand-wavers-u-s-farmers-turn-back-to-grains.md) | -4.0% | -3.9% |
| WHEAT | 2022-09-26 | [Chinese demand for grain imports takes tumble \| The Western Producer](https://feedsoft.ai/events/14900-chinese-demand-for-grain-imports-takes-tumble-the-western-producer.md) | +0.6% | -10.1% |
| WHEAT | 2020-02-01 | [Poor Chinese demand a setback for grain exports - AgCanada](https://feedsoft.ai/events/54586-poor-chinese-demand-a-setback-for-grain-exports-agcanada.md) | +0.1% | +3.1% |
| CORN | 2020-02-13 | [U.S. grains: Soy up on prospects for Chinese demand - AgCanada](https://feedsoft.ai/events/54655-u-s-grains-soy-up-on-prospects-for-chinese-demand-agcanada.md) | +1.0% | +1.3% |
| CORN | 2020-03-09 | [Grain Journal \| China Feed Demand Down, According to Latest USDA…](https://feedsoft.ai/events/54128-grain-journal-china-feed-demand-down-according-to-latest-usda.md) | +0.3% | -1.7% |
| CORN | 2018-11-02 | [As China soy demand wavers, U.S. farmers turn back to grains](https://feedsoft.ai/events/62089-as-china-soy-demand-wavers-u-s-farmers-turn-back-to-grains.md) | +3.2% | -4.0% |

## Sources

- tradewindsnews.com: https://www.tradewindsnews.com/bulkers/panamax-rates-to-fall-further-on-china-s-dwindling-demand-for-grain/2-1-1784578?zephr_sso_ott=38HWFO

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