# Dry Bulk Market: March Was a Great Month for Capesizes | World Ports Organization

> The Capesize 5TC fell $95 to $13,806 at the end of March, though it roughly doubled over the month. Panamax rates were volatile, with some NoPac grain tonnage paid above $15,000 per day.

- Date: 2023-04-03 · published 2023-04-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/36602-dry-bulk-market-march-was-a-great-month-for-capesizes-world-ports-organization
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Rising capesize and grain-related panamax rates increase bulk freight costs for imported feed commodities, a modest upward pressure on landed feed prices.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- worldports.org: https://www.worldports.org/dry-bulk-market-march-was-a-great-month-for-capesizes/

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