# Bulk report – Week 34 | World Ports Organization

> Capesize and Panamax dry-bulk rates dropped sharply in the week, with the Capesize 5TC down about $2,854 to $3,413. Limited cargo enquiry and weak iron ore demand from China were cited as the causes.

- Date: 2022-08-28 · published 2022-08-28T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/40243-bulk-report-week-34-world-ports-organization
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weaker bulk freight rates lower the landed cost of grain and meal cargoes, but the cause is soft Chinese demand rather than a supply shock.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- worldports.org: https://www.worldports.org/bulk-report-week-34/

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