# Baltic index posts biggest weekly rise in 2 months as vessel rates firm

> The Baltic panamax index rose 132 points, or 5.3%, to 2,621, a 14.9% weekly gain and its biggest in two months. Average daily earnings for panamax bulkers carrying grain and coal rose $1,182 to $23,586.

- Date: 2021-11-26 · published 2021-11-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/43964-baltic-index-posts-biggest-weekly-rise-in-2-months-as-vessel-rates-firm
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Firmer panamax rates raise the cost of moving grain and feed ingredients by sea, supporting landed feed costs and US Gulf export basis.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/asia/baltic-index-posts-biggest-weekly-rise-2-months-vessel-rates-firm-2021-11-26/

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