World sea freight rate rises may be good news for domestic grains sector

By Grain Brokers Australia
June 23 2020 - 5:00pm
FIGURE 1: Five-year trend in the Baltic Dry Index, which rose 1.8 per cent last Friday to cap a record weekly gain of 68.5 per cent. SOURCE: Trading Economics
FIGURE 1: Five-year trend in the Baltic Dry Index, which rose 1.8 per cent last Friday to cap a record weekly gain of 68.5 per cent. SOURCE: Trading Economics

Global sea freight rates are on the rise - with the Baltic Dry Index (BDI) posting its largest ever weekly gain last week, underpinned by a rebound in global commodities trading.

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