Russia: In the 29th week, rates remain at the same level in the Azov-Black Sea region

Published 2024년 7월 18일

Tridge summary

In the 29th week, freight rates in the Azov-Black Sea region stabilized at $17 per ton for shipping 3,000 tons of wheat from Azov to the Marmara Sea ports, halting the previous month's decline. Demand for Russian grain, including wheat, barley, peas, and chickpeas, is growing, particularly in Turkey, though most contracts are set for August, keeping spot shipment rates steady. Export requests from river ports have significantly increased. The wheat export duty from Russia will rise to 1,780.5 rubles per ton from July 17, up from 1,701.3 rubles per ton the previous week, while duties on barley and corn remain at zero.

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

Original content

In the 29th week, freight rates in the Azov-Black Sea region stopped the decline observed in the last month, settling at $17 per ton when 3,000 tons of wheat were shipped from Azov to the ports of the Marmara Sea. Demand for Russian grain began to grow, including in Turkey. Traders have begun to show interest in purchasing barley, peas, and chickpeas, but most contracts are being discussed for August dates, so rates for spot shipments are not rising. It is worth noting that the number of requests for export shipments from river ports has increased significantly. The duty rate for wheat exports from Russia from July 17 will be 1,780.5 rubles compared to 1,701.3 rubles per ton a ...

Source: Zol