Baltic Dry Index as of March 25
The Baltic Dry Index fell by 1%
On 25 March 2021, the Baltic Dry Index fell to 2,172 points, down 22 points (-1%) versus the level of March 24.
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.
Tags: Baltic Dry Index, Baltic Exchange
Read also
Export prices for corn in Ukraine are growing amid lower freight costs
Due to the reduction in wheat supply on the market, countries are expanding the po...
Couldn’t attend BLACK SEA GRAIN.KYIV? Catch up with the insights – get the e...
Ukrainian farmers sowed 2.4 million hectares of spring crops
USDA representative in Canada predicts increase in grain production in 2024/25 MY
Write to us
Our manager will contact you soon