11/01/2023

On the 2nd week, freight rates in the Azov-Black Sea region continued to fall, dropping to $ 69 for a shipment of 3,000 tons of wheat from Azov to Marmara Sea ports. It should be noted that in the first week of January, activity on the freight market was very low, but many market players hoped for a resumption of sales after the end of the New Year holidays in Russia. However, the demand of Turkish buyers for Russian grain remains low. In addition, since January 11, the export fee on wheat has risen once more – to 4766.3 rubles per ton, on the export of barley — to 3870.6 rubles, on the corn — to 1289.4 rubles per ton. This increase does not contribute to a successful conclusion of sale contracts.