# Baltic Dry Index Cracks 5,000 Points for First Time Since 2007-2008 Super Cycle

> The Baltic Dry Index rose 235 points, or 4.7%, to 5,197 on 29 September, its highest since September 2008, with the capesize index up 8.4% to 9,018. BIMCO attributed the gains to strong spot fixtures by major iron ore exporters and congestion around China.

- Date: 2021-09-29 · published 2021-09-29T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/45261-baltic-dry-index-cracks-5-000-points-for-first-time-since-2007-2008-super-cycle
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Sustained high dry bulk rates increase ocean freight costs for grain and oilseed cargoes, which can narrow import margins for feed buyers and support delivered feed prices.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- gcaptain.com: https://gcaptain.com/baltic-dry-index-cracks-5000-points-for-first-time-since-2007-2008-super-cycle/

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