# Baltic Dry Index Hits 5-1/2 Year High

> The Baltic Exchange's main sea freight index rose 3.4% to 1,928 on July 15, its highest since January 2014, led by capesize demand for Brazilian iron ore. The panamax index also hit its highest since December 2013 as iron ore shippers booked panamax ships.

- Date: 2019-07-15 · published 2019-07-15T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/57991-baltic-dry-index-hits-5-1-2-year-high
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher dry bulk freight rates raise the cost of moving grain on panamax vessels, which can weigh on export competitiveness and widen the gap between farm-gate and delivered prices.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- gcaptain.com: https://gcaptain.com/baltic-dry-index-hits-5-1-2-year-high/

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