# World sea freight rate rises may be good news for domestic grains sector | Farm Online - 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 rise was driven by a revival in Chinese iron ore demand and higher Brazilian iron ore exports, with the index up almost 300% from its May low.

- Date: 2020-07-03 · published 2020-07-03T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/52025-world-sea-freight-rate-rises-may-be-good-news-for-domestic-grains-sector-farm
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher dry-bulk freight rates raise the cost of shipping grain and oilseeds, which can narrow export margins and lift delivered feed costs.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- scceu.org: https://scceu.org/world-sea-freight-rate-rises-may-be-good-news-for-domestic-grains-sector-farm-online/

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