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Baltic index hits over 1-month low on easing capesize, panamax demand

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July 22 (Reuters) - The Baltic Exchange's main sea freight index fell to a more than a month low on Wednesday, dragged down by weaker capesize and panamax rates.

* The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, fell 121 points, or 7.6%, to 1,473, its lowest since June 17.

* The Baltic capesize index dipped 303 points, or 11.1%, to 2,426.

* Average daily earnings for capesizes, which typically transport cargoes of 170,000 tonnes to 180,000 tonnes, including iron ore and coal, was down by $2,515 at $20,120.

* The panamax index dropped 80 points, or about 5.7%, to 1,335.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, declined by $724 to $12,012.

* However, the supramax index rose 3 points to 932. (Reporting by Shreyansi Singh in Bengaluru; Editing by Shinjini Ganguli)