On the 4th week, there is a slight increase in rates in the Azov-Black Sea region after a short drop of several dollars recorded at the end of last week. Thus, contracts for the shipment of 3,000 tons of wheat from Azov to the Marmara Sea ports are concluded at the level of $ 39.
The increase is due to the unfavorable weather conditions in the Marmara sea, where, as a result of a snowstorm, traffic along the Bosphorus Strait was closed for several days and unloading operations are delayed. In general, the Turkish market is not showing positive dynamics at the moment, demand is still very low. Such destinations as Italy and Greece are more popular. Regarding the goods, shipments of wheat, corn and bran are most actively exported.
It’s important to note that the export tax on wheat is reduced for the second consecutive week and will amount to $95.8 per ton from January, 26th. The export fee on barley will be reduced from $79 to $74.4 per ton, on corn – will increase up to $50.6 per ton. The new export fee rates will be valid until February, 1st.