On the 7th week, freight rates continue to decrease in the Azov-Black Sea region. Thus, the rate for a shipment of 3,000 tons of wheat from Azov to Marmara Sea ports is $ 33 per ton.
Many traders expected February 15, the date of the introduction of quotas, hoping that the market situation would change for the better and there would be more active trade for other grain crops.
However, at the moment there is no significant improvement in the situation, the number of new contracts still remains at a low level. Charterers who have received a quota for the export of wheat and corn begin to plan shipments, but without much haste, so as not to warm up the freight market. Regarding the main destinations of shipments, the most frequent requests are to Greece, and demand has also begun to recover in the Turkish market.