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Capesize dry-bulk rates reached the highest level of the year, with the BCI and five-route time charter average at $49,731 per day, a new high. Panamax markets firmed on tight North Atlantic tonnage and healthy grain cargoes from South America and the Black Sea, while Chinese port congestion continued to affect Asian rates.
Strong grain freight from South America and the Black Sea raises delivered costs into Asia and Europe, supporting import parity for feed grains and oilseeds. Persistent congestion in China adds to delays and cost for grain cargoes.
efoplistesnews.grAug 24, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
