Baltic Dry Index (BDI)

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What is Baltic Dry Index (BDI) in Finance? DefinitionThe Baltic Dry Index is a measure of the cost of shipping out raw materials such as steel, iron ore, coal, cement, etc. It is a shipping and trade index created by Baltic-Exchange and deals with measuring changes in the cost of exporting raw materials. Understanding Baltic Dry IndexTo assess price levels for shipping paths, produce to be transported, and delivery time it is required of the members of the Baltic Exchange to contact shipping brokers directly. The exchange is responsible for the daily compilation of the Baltic Dry Index, and to…
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