A bulk commodity is a raw material that is shipped in a large, unpackaged parcel. Usually known as ‘dry bulk commodities” these materials consist of largely unprocessed materials that are ultimately used in global manufacturing and production.
Bulk commodities include grain, metal (eg iron ore), and energy materials (eg coal) and are often transported long distances in bulk by sea in large cargo vessels.
The Baltic Dry Index (BDI) is a common measure of prices paid to transport bulk commodities and is often regarded as an important indicator of global economic activity. (Source; Investopedia website 2019)
The major bulk cargo ports in Australia include Port Hedland (452 million tonnes annually), Dampier (169 million tonnes) and Newcastle (163 million tonnes). (Source; World Atlas, 2017)