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The Baltic Exchange weekly report says the Baltic Dry Index fell to 1721 on April 26 after a steady weekly decline. Capesize rates dropped, with the BCI 5TC losing $4,398 over the week to $18,012, while the Panamax market was mixed and firmer early in the week.
Softer dry bulk rates reduce ocean freight costs for grain and oilseed cargoes, modestly easing landed costs for feed importers.
thedcn.com.auDaily Cargo NewsApr 25, 2024Not 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.
