On the 50th week, freight rates in Azov-Black Sea region continued to rise smoothly, reaching the level of USD 68 per ton for a shipment of 3000 tons of wheat from Azov to Marmara Sea ports. It should be noted that with such freight level traders are not able to conclude contracts for wheat and corn, the main cargoes at the moment are peas, chickpeas, bran and other crops. In addition, compared to previous weeks, charterers’ interest in long destinations such as Mersin, Cyprus and Greece has increased.
Since December 13, the tax rate on wheat exports from Russia has risen, fixing the level at 4063.5 rubles against 3808.1 rubles per ton a week earlier.
The export fee on barley will be zero for the eighth week in a row, while the tax on corn will rise to 839.5 rubles from 618.9 rubles per ton.