# Dry bulk FFA market: Baltic rallies despite short work week

> The Baltic Dry Index reached about 1,141 points by Wednesday, near a five-month high, after a steep decline in late January. Rates were supported by lower bunker fuel prices and firmer forward freight agreements, while Panamax paper prices fell.

- Date: 2019-06-07 · published 2019-06-07T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/58799-dry-bulk-ffa-market-baltic-rallies-despite-short-work-week
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A stronger dry bulk index signals higher ocean freight costs for grain and meal cargoes, though lower bunker costs partly offset the increase.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/dry-bulk/dry-bulk-ffa-market-baltic-rallies-despite-short-work-week

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