# Baltic Index Remains Flat

> The Baltic index was flat at 421 on Thursday, as higher panamax rates offset weaker capesize and supramax rates. The main index had slid to a near four-year low of 411 earlier that week.

- Date: 2020-02-13 · published 2020-02-13T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/54523-baltic-index-remains-flat
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Stable panamax rates, which carry grain cargoes, leave ocean freight costs roughly unchanged. The day's move has little price impact on feed commodities.

## Read by commodity

- OCEANFRT: neutral

## Sources

- marinelink.com: https://www.marinelink.com/news/baltic-index-remains-flat-475627

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