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Baltic Dry Index

   Also found in: Medical, Acronyms, Wikipedia 0.01 sec.
Baltic Dry Index (BDI)
An index that tracks the price of transporting dry bulk cargo like cement, coal, iron ore, and grain on bulk freighters. As many of these commodities are raw materials that go into production of finished goods, the BDI is often taken to be an indicator of economic growth and production. The index is maintained by the London-based Baltic Exchange.


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The Baltic Dry Index (BDI) tracks the cost of shipping a variety of commodities overseas, and it's one of the most reliable economic indicators available anywhere.
Shippers advanced on a rise in the Baltic Dry Index, a measure of shipping rates for commodities.
6 percent respectively after a rise in the Baltic Dry Index, a key freight indicator.
 
 
 
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