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Cargill says a lack of new vessel orders is supporting the dry bulk freight market as commodity demand accelerates. The Baltic Exchange's main sea freight index rallied close to an 11-year high on higher capesize rates.
Limited newbuild supply combined with firm demand keeps grain freight costs elevated, which raises delivered costs for feed ingredients.
maritime.directMarc AllenMay 2, 2021
reuters.comJonathan SaulApr 30, 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.
