# Dry bulk FFA market: We’re still worth one more try

> 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.

- Date: 2017-02-10 · published 2017-02-10T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/72701-dry-bulk-ffa-market-we-re-still-worth-one-more-try
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/dry-bulk/dry-bulk-ffa-market-we-re-still-worth-one-more-try

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