03/07/2024

On the 27th week, freight rates in Azov-Black Sea region continue to go downward. Thus, the cost of a shipment of 3000 tons of wheat from Azov to Marmara Sea ports is 17 dollars per ton. It should be noted that the demand for grain in Turkey remains extremely low, the main shipments go to the Arab countries of the Mediterranean Sea. There are no dynamics for increase of coal and fertilizers shipments from Azov Sea ports. The drop in wheat shipments is also reflected in export taxes. Thus, the rate for wheat exports from Russia since July 3rd has diminished by 27 percent to the level of 1,818.2 rubles. Rxport fres on barley and corn will remain at zero.