On the 19th week, the trend of freight rates falling in the Azov-Black Sea region persists. Thus, the rate for 3,000 tons of wheat from Azov to Marmara Sea ports has dropped to the level of USD 33 pmt.
Grain cargoes are still selling very poorly, both because of the shortened week in Russia and because Turkish buyers are on hold ahead of this Sunday’s presidential election. In addition, there are still active negotiations to extend the deal on Ukrainian grain after May 18th and there are almost daily contradictory statements in the press. It should be noted that there is a certain activity of Greek buyers, more and more often there are requests for this direction.
As for the export fee, from May 12th to 16th the duty on wheat will go down to 5,279.2 rubles, the tax on corn will go down to 2,523.9 rubles from 3 0000 rubles per ton, and at the same time the duty on barley will go up to 2,676.2 rubles against 2 195.4 rubles per ton.