Russia: Freight rates continued to grow in the 50th week in the Azov-Black Sea region

Published 2023년 12월 14일

Tridge summary

In the Azov-Black Sea region, freight rates for transporting wheat continued to rise to $68 per ton during the 50th week, while traders struggled to secure contracts for wheat and corn, leading to increased interest in other subcultures like peas and chickpeas. Additionally, charterers have shown more interest in long-distance destinations like Mersin, Cyprus, and Greece. Furthermore, on December 13, the duty rates on wheat exports from Russia increased, with the duty on barley remaining at zero for the eighth week, and the duty on corn increasing to 839.5 rubles from 618.9 rubles per ton.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the 50th week, freight rates in the Azov-Black Sea region continued to rise smoothly, reaching a level of $68 per ton when transporting 3,000 tons of wheat from Azov to the ports of the Marmara Sea. It is worth noting that with such freight, traders are unable to conclude contracts for wheat and corn; the main cargoes at the moment are peas, chickpeas, bran and other subcultures. In addition, charterers' interest in long-distance destinations such as Mersin, Cyprus and Greece has increased compared to previous weeks. On December 13, the duty rate on wheat exports from Russia increased, fixing the level at 4063.5 rubles compared to 3808.1 rubles per ton a week earlier. The duty on barley will be zero for the eighth week in a row, ...

Source: Zol