04/12/2024

On the 49th week, freight rates in the Azov-Black Sea region began to fall again, and are at the level of $ 26-27 for ta shipment of 3,000 tons of deadweight cargo from Azov to Marmara Sea ports. The demand for grain from Turkish buyers is extremely low, the main requests come from the Arab countries. However, prices for long-distance destinations are also undergoing a strong decline, since there is much more free tonnage after the closure of the river navigation than concluded contracts. Shipments of coal and fertilizers also remain few and do not have a strong impact on the market in the region. The rate on wheat exports from the Russian Federation from December 4th will significantly increase to 3,696.3 rubles per ton from 3,020.3 rubles a week earlier. The tax on barley will increase to 1,767.7 rubles from 1,166 rubles per ton, on corn – to 4,127 rubles from 3,584.1 rubles, respectively.