Loading…
The Baltic Dry Index fell to 702 points on 8 February, with capesize spot rates down 19% since the start of the week. Traders cited India's decision not to cut import duties on coking coal and scrap as a drag on sentiment.
Weak dry bulk freight rates lower the cost of shipping grains and oilseeds, which narrows import and export spreads. The move is mainly a freight-market signal rather than a feed price driver.
seatrade-maritime.comMarcus HandFeb 10, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
