On the 5th week, freight rates in the Azov-Black Sea region continued to fall, dropping to $ 71 for a shipment of 3,000 tons of wheat from Azov to Marmara Sea ports. First of all, the drop is due to the quota for the export of wheat, corn and barley coming into force from February 15th. Remembering the experience of previous years, many charterers do not want to carry out spot shipments before the quota comes into force, so the number of cargoes on the market is decreasing. Most shippers wait for the information on the quota allocated to them, which should be published already on February 8th. It is worth noting that this week there are requests not only to Marmara, but also to Greece, Italy and Mersin, but mostly for end February.
In addition, from February 1st, the tax on all three nomenclatures of goods will rise again, which also prevents the conclusion of contracts. Thus, the export fee on wheat exports will amount to 4365.3 rubles per ton, for the export of barley — will increase to 3174.3 rubles, for the export of corn will also increase to 1186.2 rubles per ton.