# Baltic Dry Index Logs Worst Month Since January 2020 on Weak Vessel Demand

> The Baltic Dry Index fell 3.1% to 3,519 on Oct 29, its biggest monthly drop since January 2020 and more than 30% lower for October. Declines came across capesize, panamax, supramax and handysize segments, with capesize earnings falling below $36,000 a day. Analysts blamed weak Chinese economic sentiment and the Evergrande situation.

- Date: 2021-10-29 · published 2021-10-29T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/44768-baltic-dry-index-logs-worst-month-since-january-2020-on-weak-vessel-demand
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower dry bulk freight rates reduce the cost of shipping grains and oilseeds, which can ease landed costs for feed importers, though analysts still see firm underlying commodity demand. Sustained weakness in China-linked demand could keep freight pressure on the downside.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- gcaptain.com: https://gcaptain.com/baltic-dry-index-logs-worst-month-since-january-2020-on-weak-vessel-demand/

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