Baltic Dry Index as of March 2

The Baltic Dry Index rose by 1.33%
On 2 March 2021, the Baltic Dry Index rose to 1,673 points, up 22 points (+1.33%) versus the level of March 1.
BDI is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides “an assessment of the price of moving the major raw materials by sea. Taking in 23 shipping routes measured on a timecharter basis, the index covers Handysize, Supramax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain. Because dry bulk primarily consists of materials that function as raw material inputs to the production of intermediate or finished goods, the index is also seen as an efficient economic indicator of future economic growth and production.
Read also
Exports of soybeans may decrease by 30% as a result of the introduction of duties
Dry weather devastates Bulgarian corn harvest
Sunflower seed processing in the EU has decreased significantly
CWRC launches review of Canadian wheat breeding innovation system
India’s August palm oil imports hit 1-year high on festive demand
Write to us
Our manager will contact you soon