On the 32nd week freight rates have recorded a sharp increase in the Azov–Black Sea region, reaching up to USD 32 per ton for shipments of 3,000 tons of wheat from Azov to Marmara Sea ports. A strong surge in demand for Russian grain—primarily wheat—is being observed in Turkey and Mediterranean Sea countries.
The export duty on wheat from Russia will be set at 19.4 rubles per ton starting August 6, after remaining at zero level for four weeks. The duty on barley will remain at zero, while the duty on corn will rise from 215.3 to 371.5 rubles per ton compared to the previous week.