# Dry bulk markets are strengthening, says Pacific Basin - FreightWaves

> Pacific Basin says dry bulk markets are strengthening, citing demand from higher commodity volumes and tighter supply from IMO 2020 low-sulfur fuel rules that encourage slower sailing. Handysize and supramax spot rates rose sharply in the third quarter to multi-year highs.

- Date: 2019-10-17 · published 2019-10-17T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/56762-dry-bulk-markets-are-strengthening-says-pacific-basin-freightwaves
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Firmer dry-bulk rates driven by grain demand and fleet slowdown raise ocean freight costs for feed ingredient imports, supporting landed prices.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- freightwaves.com: https://www.freightwaves.com/news/dry-bulk-markets-are-strengthening-says-pacific-basin

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