# Shipping Costs are Surging Globally, Squeezing Grain Traders - The Packer

> Bloomberg reports that dry-bulk shipping costs have risen sharply since July, with the Baltic Exchange's main freight gauge at its highest in almost four years. Capesize rates have more than tripled, driven largely by Chinese demand for coal and iron ore. Grain shippers using Panamax, Supramax and Handysize vessels are also facing higher rates.

- Date: 2022-09-23 · published 2022-09-23T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/39487-shipping-costs-are-surging-globally-squeezing-grain-traders-the-packer
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher freight costs raise the landed price of grain and feed ingredients and can squeeze trader margins. Buyers should expect higher delivered costs for imported feed raw materials.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- thepacker.com: https://www.thepacker.com/news/transportation/shipping-costs-are-surging-globally-squeezing-grain-traders

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