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The Baltic Exchange weekly bulk report for week 17 says the Capesize time charter average settled at $19,080, up $2,810 week-on-week, with Brazil to China and West Australia to China routes improving. Panamax activity was lacklustre, with North Atlantic tonnage heavy and Asian round-trip rates steady.
Higher dry bulk freight rates raise the landed cost of grain and oilseed shipments from South America and Australia, which can widen FOB-to-delivered spreads for feed buyers.
balticexchange.comApr 28, 2023Not 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.
