# Baltic Index Rises On Stronger Capesize Rates

> The Baltic Exchange's main dry bulk index rose 56 points, or 4.2%, to 1,385 on June 29. The capesize index rose 7.2% to 2,170 after eight sessions of losses, and the panamax index rose 0.4%.

- Date: 2018-06-29 · published 2018-06-29T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/64437-baltic-index-rises-on-stronger-capesize-rates
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher capesize and panamax earnings raise the cost of moving bulk cargoes, including grain, across oceans. This makes ocean grain freight somewhat more expensive for buyers.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- marinelink.com: https://www.marinelink.com/news/baltic-index-rises-stronger-capesize-439109

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