# Dry Bulk Rates Edging Higher

> The Baltic Exchange's main sea freight index rose about 0.2 percent to 1,390 points on June 12, supported by higher panamax and supramax rates. Capesize rates fell 1.1 percent, with average daily earnings down $145 to $17,095.

- Date: 2018-06-12 · published 2018-06-12T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/64703-dry-bulk-rates-edging-higher
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Panamax vessels carry grain and coal, so firmer panamax rates raise the cost of moving feed grains and can widen FOB-to-CIF spreads for feed buyers. The movement is small, so the price effect is minor.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- marinelink.com: https://www.marinelink.com/news/dry-bulk-rates-edging-higher-438442

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