# Baltic index slips on weak capesize, panamax demand - Shipping Herald

> 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.

- Date: 2023-04-26 · published 2023-04-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/36600-baltic-index-slips-on-weak-capesize-panamax-demand-shipping-herald
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Softer panamax rates reduce ocean freight costs for grain cargoes, slightly easing delivered prices for imported feed grains and meals.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- shippingherald.com: https://www.shippingherald.com/baltic-index-slips-on-weak-capesize-panamax-demand/

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