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The Baltic Exchange main sea freight index fell 7 points to 1,510 on April 25 after a four-session winning streak, with the panamax index down 20 points to 1,667. Supramax rates rose to their highest in almost a month.
Softer panamax rates reduce ocean freight costs for grain cargoes, slightly easing delivered prices for imported feed grains and meals.
shippingherald.cominfo infoApr 26, 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.
