By the 25th week, the freight rate remains at the same. Shipment of 3,000 mts of wheat from Azov to Marmara sea ports is at USD 32 pmt level.
This rate is mainly for fleet spot positions. Shipowners, whose vessels are opened on later dates, prefer to wait and look for cargo at higher rates.
For the time being, the main preference of shipowners is for short voyages, as they are considered much better in the high market. It is therefore difficult to find a vessel for long-distance voyages, and the rates need to be much higher than the market in order to persuade the shipowner to take cargo for a long-distance voyage.
As many charterers ran out of export quotas for this season, there were fewer goods on the market at the end of June than in previous weeks. Charterers are expected to resume export activity in early July.
At the beginning of next month the first deliveries of barley of new harvest are already planned. Huge companies are already planning their wheat programme for transshipment to the port of the Caucasus. Average rate discussed is 11-12 dollars free d/a.
Wheat exports continued to rise, reaching 38,1 dollars pmt. The rate of customs import duty on corn has also risen, from USD 48.2 to USD 50.2 per ton. The rate on barley remains stable at USD 39.6 per ton.