# Baltic index logs best day in 4-1/2 months on jump in capesize rates - Agricultural Commodities - Supply Chain Council of European Union | Scceu.org

> The Baltic Exchange's main sea freight index rose 5.2% to 1,351 points on a surge in capesize rates, its biggest daily gain since July. The panamax index edged lower by 0.9% to 1,119 points.

- Date: 2019-12-17 · published 2019-12-17T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/55760-baltic-index-logs-best-day-in-4-1-2-months-on-jump-in-capesize-rates
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Stronger capesize rates mainly reflect iron ore and coal demand, so the grain impact is limited, though panamax softness slightly eases grain shipping costs.

## Read by commodity

- OCEANFRT: neutral

## Sources

- scceu.org: https://scceu.org/baltic-index-logs-best-day-in-4-1-2-months-on-jump-in-capesize-rates-agricultural-commodities/

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