# Baltic index falls to over three-year low on weaker vessel rates - Supply Chain Council of European Union | Scceu.org

> The Baltic Exchange's main sea freight index fell 2 percent to 546, its lowest since April 2016 and a 32nd straight session of losses. Capesize earnings dropped to $4,632 per day and panamax earnings fell to $6,054 per day.

- Date: 2020-01-28 · published 2020-01-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/54988-baltic-index-falls-to-over-three-year-low-on-weaker-vessel-rates-supply-chain
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weaker dry bulk rates reduce the cost of moving grain and oilseeds by sea, which lowers delivered prices for importers but signals soft freight demand.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- scceu.org: https://scceu.org/baltic-index-falls-to-over-three-year-low-on-weaker-vessel-rates/

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