On the 42nd week, the trend for lowering freight rates continues in the Azov-Black Sea region. Contracts for a shipment of 3,000 tons of wheat from Azov to Marmara Sea ports are concluded at the level of USD 47 per ton. For the third consecutive week there has been a lull in the grain market of the region, the demand from Turkish buyers is still minimal in the conditions of overcrowded warehouses. Most charterers do not see any prospects of change in the observed trend in the short term, therefore, with a high degree of certainty, freight rates will continue to decline smoothly.
As for the export fee for wheat, its rate from October 18th will be 5,734.7 rubles per ton against 5,224 rubles a week earlier. At the same time, the tax on barley will decrease to 772.6 rubles from 1,166.1 rubles per ton, and the export fee on corn will increase to 3,271.8 rubles from 3,120.8 rubles per ton.