# Baltic Dry Index Books Biggest Weekly Gain Since

> The Baltic Exchange's main sea freight index posted its best weekly gain since mid-February, reaching 2,788 and its highest level since September 2010. Capesize daily earnings rose to $34,762 on higher demand for capesize vessels. Panamax and supramax indices also gained over the week.

- Date: 2021-04-23 · published 2021-04-23T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/47802-baltic-dry-index-books-biggest-weekly-gain-since
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Rising dry bulk rates, driven by capesize demand, increase the cost of moving grain and feed ingredients by sea.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- marinelink.com: https://www.marinelink.com/news/baltic-dry-index-books-biggest-weekly-487113

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