# Dry bulk prices show volatility at the beginning of the year — GMK Center

> The Baltic Dry Index rose 1.3% to 1518 on January 26, led by smaller vessels while capesize rates were weaker over the week. The article notes Red Sea shipping crisis effects, though steel shipments have not yet been significantly affected.

- Date: 2024-01-29 · published 2024-01-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/32320-dry-bulk-prices-show-volatility-at-the-beginning-of-the-year-gmk-center
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Dry bulk index gains are modest and driven by smaller-ship segments, so the effect on grain freight costs for feed buyers is limited.

## Read by commodity

- OCEANFRT: neutral

## Sources

- gmk.center: https://gmk.center/en/posts/dry-bulk-carrier-market-shows-volatility-at-the-beginning-of-the-year/

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