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
Kernel plans to resume operations at its oil extraction plants once security condi...
Brazil to increase corn acreage by 4.9% in MY 2026/27
Soybean prices in Ukraine came under pressure from falling domestic demand and dec...
Further declines in wheat prices will depend on the resumption of Black Sea exports
Ethanol byproducts replace up to 25% of soybean meal in India’s compound feed
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon