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The Baltic Exchange's main dry bulk index fell 18 points to 2,186, its lowest in over two months, as panamax and supramax rates declined. Capesize rates rose slightly.
Ukraine's grain shipments in June 1-29 were 36.5% below the year-earlier level, according to its agriculture ministry.
Lower panamax rates reduce the cost of shipping grain cargoes, while weaker Ukrainian export volumes point to less grain demand on that route. Both factors keep freight and grain price pressure modest.
shippingherald.cominfo infoJun 30, 2022Not 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.
