On the 41st week, freight rates continue to fall in the Azov-Black Sea region. A shipment of 3,000 tons of wheat from Azov to Marmara Sea ports costs an average of USD 50 pmt. The demand from Turkish buyers for grain cargoes is still not recovering, and new taxes have additional negative impact on sales of other cargo nomenclature. We could note only a slight increase in coal shipments, which do not allow freight rates to drop to the level of the average 40s, at which grain shipments could be sold at this moment.
The tax rate on wheat exports from the Russian Federation from October 11 is 5,224 rubles per ton against 4,564.6 rubles a week earlier, at the same time, the export fee on barley decreased to 1,166.1 rubles from 1,251.1 rubles per ton, and on corn – increased to 3,120.8 rubles from 2,853.8 rubles per ton.