# DRY BULK QUARTERLY: Inflationary pressures deflating global freight in Q3 | World Ports Organization

> Platts data cited by World Ports Organization shows dry bulk freight rates weakened in Q2 2022, with the Cape T4 index averaging about $18,072 per day. Shipping sources expect headwinds in Q3 as central bank rate hikes and inflation curb commodity demand. Buyers are reducing inventories and holding off on larger cargo purchases.

- Date: 2022-07-04 · published 2022-07-04T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/40380-dry-bulk-quarterly-inflationary-pressures-deflating-global-freight-in-q3-world
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Softer dry bulk freight rates lower the transport component of grain and meal import costs. Weaker demand for raw materials also points to softer seaborne volumes.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/metals/070422-dry-bulk-quarterly-inflationary-pressures-deflating-global-freight-in-q3
- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/metals/070422-dry-bulk-quarterly-inflationary-pressures-deflating-global-freight-in-q3
- worldports.org: https://www.worldports.org/dry-bulk-quarterly-inflationary-pressures-deflating-global-freight-in-q3/

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