On the 45th week, freight rates in Azov-Black Sea region returned to decrease. Thus, contracts for a shipment of 3000 tonnes of deadweight cargo from Azov to Marmara Sea ports are concluded at USD 30 pmt. Demand for Russian grain in Turkey is consistently low, and purchases in Mediterranean Sea countries are also becoming rarer. In addition, it is worth noting that river navigation is expected to close earlier this year due to the cold weather expected for the southern regions of Russia in mid-November. Presumably, the date of closure of the Tsimlyansk reservoir will be November 24th.
The tax rate on wheat exports from the Russian Federation will increase by 10,8% from November 7th to 2,517 rubles per ton. Taxes on barley and corn will also increase significantly to 1,266.2 rubles. and 3,059.9 rubles. per ton, respectively.