21/09/2022

On the 38th week, Freight rates in the Azov-Black Sea region are rapidly growing, consolidating the trend of last week. Thus, a shipment of 3,000 tons of wheat from Azov to Marmara Sea ports this week is carried out for $ 64 per ton. It should be noted that this growth is primarily due to a severe shortage of fleet in the region. Most shipowners are considering cargoes already for the beginning or middle of October. At the same time, the grain market remains active, which is favored by a further reduction in export fees on wheat and barley. Thus, according to the Russian Ministry of Agriculture, the tax on the export of wheat from Russia from September 21st to 27th will be 2,668.3 rubles per ton, for the export of barley — 2,353.9 rubles per ton, corn — 3,696.5 rubles per ton. In addition, the cabotage fleet, which transports grains to deep sea vessels, is extremely active in the Azov sea. There is also a shortage of vessels for the next few weeks and a strong increase in rates.