# Baltic dry bulk index down as smaller vessel rates retreat - Shipping Herald

> 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.

- Date: 2022-06-30 · published 2022-06-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/41154-baltic-dry-bulk-index-down-as-smaller-vessel-rates-retreat-shipping-herald
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- shippingherald.com: https://www.shippingherald.com/baltic-dry-bulk-index-down-as-smaller-vessel-rates-retreat/

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