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The Baltic Dry Index fell for a fifth straight week to 621, its lowest since mid-June 2020. The capesize and panamax sub-indices also dropped sharply, with panamax earnings down to $8,456 per day.
Weak dry bulk freight rates reflect soft demand for seaborne commodities, lowering ocean freight costs for grain and feed ingredient importers.
gcaptain.comReutersFeb 3, 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.
