# Baltic Index Slips To 3-Week Low On Easing Demand For Capesizes - Supply Chain Council of European Union | Scceu.org

> The Baltic Dry Index fell 7.2% to 1,540 on January 27, its lowest since January 7, as capesize rates dropped 14.1% to 2,145. The decline reflected softer demand in the Atlantic and Pacific and easing congestion in China, while the supramax index rose to a late-2019 peak.

- Date: 2021-01-29 · published 2021-01-29T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/49352-baltic-index-slips-to-3-week-low-on-easing-demand-for-capesizes-supply-chain
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower capesize and panamax rates reduce near-term ocean freight costs for bulk feed ingredients, though the supramax strength shows the drop is segment-specific.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- scceu.org: https://scceu.org/baltic-index-slips-to-3-week-low-on-easing-demand-for-capesizes/

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