# Baltic Dry Index Scales 13-Year Peak on Strong Rates Across Segments

> The Baltic Dry Index hit its highest level in 13 years on 27 September, rising 73 points to 4,717, with the capesize index up 3% to 7,600. Analysts cited global shipping constraints, Chinese port congestion from COVID-19, and a commodities demand rebound.

- Date: 2021-09-27 · published 2021-09-27T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/45263-baltic-dry-index-scales-13-year-peak-on-strong-rates-across-segments
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Rising bulk freight rates raise the cost of moving feed grains and meals by sea, supporting delivered prices for imported feed ingredients.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- gcaptain.com: https://gcaptain.com/baltic-dry-index-scales-13-year-peak-on-strong-rates-across-segments/

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