# Baltic Dry Index at 18-month high - MarketsFarm

> The Baltic Dry Index settled at 3,346 on Dec. 4, its highest since May 2022, before easing to 3,143 on Dec. 5. Panamax and Supramax spot rates jumped roughly 50% in a month, with Panama Canal restrictions, Brazilian port congestion, European and Chinese winter delays, and Red Sea attacks cited as drivers.

- Date: 2023-12-05 · published 2023-12-05T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32465-baltic-dry-index-at-18-month-high-marketsfarm
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Sharp rises in Panamax and Supramax rates, the main grain carriers, increase the cost of moving grain to importers and can narrow export margins for origins far from buyers.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- marketsfarm.com: https://marketsfarm.com/baltic-dry-index-at-18-month-high/

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