# Ocean freight rates on the rise - Supply Chain Council of European Union | Scceu.org

> The Baltic Dry Index posted its largest-ever weekly gain, rising 68.5% to close at a six-month high of 1555 points. The rebound was driven by renewed Chinese iron ore demand and higher Brazilian iron ore exports, and the index has risen almost 300% from its May low.

- Date: 2020-07-10 · published 2020-07-10T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/52020-ocean-freight-rates-on-the-rise-supply-chain-council-of-european-union-scceu-org
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher dry-bulk freight rates raise the cost of moving grain and oilseeds, which can narrow export margins and feed into delivered feed prices.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- scceu.org: https://scceu.org/ocean-freight-rates-on-the-rise/

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