# Dry Bulk's Baltic Index Rises to 12-Year Peak

> The Baltic Exchange's main dry bulk index rose to its highest level since 2009, led by capesize rates. Analysts pointed to port congestion in China and a broader commodities rebound.

- Date: 2021-09-23 · published 2021-09-23T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/44975-dry-bulk-s-baltic-index-rises-to-12-year-peak
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A 12-year high in dry bulk rates signals expensive ocean freight, which feeds into higher delivered costs for imported grains and meals.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- gcaptain.com: https://gcaptain.com/dry-bulks-baltic-index-rises-to-12-year-peak/

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