# Baltic index extends losing streak to tenth day on weaker demand

> The Panamax index fell 71 points, or 3.4%, to 2,024, its lowest level since April. Average daily earnings for Panamax vessels, which carry coal and grain, dropped by $632 to $18,220. The report describes a tenth straight day of losses on weaker demand.

- Date: 2022-01-20 · published 2022-01-20T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/43053-baltic-index-extends-losing-streak-to-tenth-day-on-weaker-demand
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Falling Panamax earnings signal softer demand for grain shipping capacity, which lowers freight costs for bulk grain and meal exports.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/asia/baltic-index-extends-losing-streak-tenth-day-weaker-demand-2022-01-20/

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