26/07/2023

On the 30th week, freight rates in the Azov-Black Sea region remain on the same level. After a slight increase at the beginning of the week, the cost of transporting 3,000 tons of wheat from Azov to the Marmara Sea ports returned to USD 32 pmt. Most charterers note the lack of demand from both Turkish and European buyers, who expect the grain market to return to the prices level before the end of the Ukrainian grain deal. At the same time, there remains some concern about the safety of entry into Russian ports against the background of the aggravation of the military-political situation in the region after July 17. Some participants of the freight market are afraid of insurance companies raising tariffs for loading in the Russian ports of the Azov and Black Seas. At the same time, it is worth noting that the export fee on wheat exports from Russia from July 26 to August 1 inclusive will decrease to 2,712.1 rubles per ton, the tax on the export of barley will remain zero, for the export of corn — it will decrease to 1,598.6 rubles per ton.