# Dry bulk freight at 11-year high, capping Brazilian sugar cash premium

> Dry bulk freight for sugar from Santos to China reached $64.50/mt, the highest weekly assessment since June 2010, after a 27% rise since early June. Higher freight has led some traders to postpone shipments and store sugar forward. The rally has also narrowed the Brazilian sugar cash premium.

- Date: 2021-07-20 · published 2021-07-20T12:00:00.000Z
- Category: logistics · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/46266-dry-bulk-freight-at-11-year-high-capping-brazilian-sugar-cash-premium
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Dry bulk freight is rising sharply, which lifts the delivered cost of bulk grains and meals as well as sugar. Sustained freight strength would reinforce higher landed costs for feed importers.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/072021-dry-bulk-freight-at-11-year-high-capping-brazilian-sugar-cash-premium

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