23/11/2022

Оn the 47th week, freight rates in the Azov-Black Sea region continue to fall, reaching a level of $ 67 per ton for a shipment of 3,000 tons of wheat from Azov to Marmara Sea ports. The drop is due to a small quantity of cargo on the market. It is worth noting that this week the export fee on all three nomenclatures of grain products that are taxed will be significantly reduced again. The tax on barley has been reduced to 2,430 rubles per ton from 2,686.7 a week earlier, while the export fee on corn fell 2.3 times, to 193.8 rubles from 447.5 rubles per ton. The export fee on wheat has been reduced to 2735.2 rubles since November 23. However, even with such low export fees, Russian grain remains less competitive than the Ukrainian one. Another important factor is the lack of free warehouses in Turkish ports, which causes a temporary decrease in demand. At the same time, with a decrease in trade to the Turkish ports of the Black and Marmara Seas, there is a drop of rates for long-distance destinations. More requests appear for Mersin and Iskenderun, the rates for which have fallen to $ 90 per ton.