# Freight rates rise again on increased petcoke and grain demand

> Supramax freight rates from the US Gulf rose through late November as tonnage supply tightened while demand for petcoke and grain on fronthaul routes stayed healthy. Petcoke rates were around US$22.50 per tonne to ARA and US$53 per tonne to East Coast India.

- Date: 2023-11-27 · published 2023-11-27T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/33367-freight-rates-rise-again-on-increased-petcoke-and-grain-demand
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Rising supramax rates from the US Gulf increase the cost of exporting grain and meal, which can support US export basis and landed prices in importing markets.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- cemnet.com: https://www.cemnet.com/News/story/175980/freight-rates-rise-again-on-increased-petcoke-and-grain-demand.html

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