27/09/2023

On the 39th week, freight rates continue to fall in the Azov-Black Sea region. Contracts for a shipment of 3,000 tons of wheat from Azov to the Marmara Sea ports are concluded at the level of USD 58 pmt.
Most charterers note a strong decline in demand from Turkish buyers. At the same time, there is not a large amount of spot tonnage, since the passage of the Kerch Strait still takes many days, and this week, the situation is aggravated by bad weather conditions.
The export fee on wheat and barley exports from Russia from September 27th will change slightly, and only for corn it will rise from 2 616.4 to 3 201.6 rubles per ton, for the first time exceeding the psychological mark of 3000 rubles per ton.