Baltpool launches Wood Chips FOB Baltic Index to boost market transparency

Baltpool has introduced the Wood Chips FOB Baltic Index, a new market price indicator designed to bring greater transparency and fairness to the biomass trading via ships across the Baltic Sea region. The index reflects real-time biomass contracted trading prices at major Baltic ports, including Klaipėda, Liepaja, Riga, and Tallinn.

About the Wood Chips FOB Baltic Index

The Wood Chips FOB Baltic Index is based on contracts executed through Baltpool’s Exchange and represents the Free On Board (FOB) price, which includes port costs such as storage and loading onto ships. This price index provides a reliable benchmark for biomass trading, making it easier for both buyers and sellers to make informed decisions.

Benefits of the Wood Chips FOB Baltic Index

The new index offers a range of benefits to market participants:

• Transparent Pricing: Access to actual market prices helps participants make data-driven decisions.
• Fair Negotiations: By offering a common reference point, the index reduces guesswork, enabling fairer and more transparent price discussions.
• Data-Driven Insights: Weekly updates allow stakeholders to monitor price trends, enhancing market awareness and adaptability.

A Step Forward for the Baltic Biomass Market

“By enhancing transparency, we’re contributing to fairer prices and smoother operations. It’s all about making the market work better for everyone involved,” says Tomas Jorudas, Baltpool’s Head of Commerce. “This index supports market regulators and strengthens the Baltic region’s position as a leader in biomass market transparency. We hope to set an example that others will follow globally.”

Visit our homepage to view the latest Wood Chips FOB Baltic Index graph.