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Commodities Briefing - Categorized | Commodity Crisis, Index, Market Moves more

International port traffic seen to drop in 2009

Posted on 29 December 2008

From Etaiwannews.com: The Baltic Dry Index, a measure of shipping costs for commodities, is down 93 percent from a record in May, a sign that traders expect export volumes to stay depressed.

Slowing trade is both a cause and an effect of the first simultaneous contraction in the world’s largest economies since World War II. Throughout this decade, trade grew by 12 percent a year to US$13.6 trillion in 2007, propelling growth in nations from Germany to China and Chile…… Full Article: Source


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