News

In the 11th week in the Azov-Black Sea region, freight rates remain at the same level globally

Wheat
Georgia
Italy
Published Mar 14, 2024

Tridge summary

In the Azov-Black Sea region, wheat transportation freight rates remain steady at $36-37 per ton in the 11th week. There is a slight increase in demand from Turkish partners, but purchases from European and Mediterranean countries remain low. From March 15, ice escort payments to the ports of Rostov, Azov, and Taganrog will end. Starting March 13, the duty rate on wheat exports from Russia will decrease to 3,344.5 rubles per ton, and corn duty will also be reduced. However, barley duty will increase to 667.6 rubles per ton.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the 11th week in the Azov-Black Sea region, freight rates for the first time remain at the level of last week and amount to 36-37 dollars per ton when transporting 3,000 tons of wheat from Azov to the ports of the Marmara Sea. Many note that demand from Turkish partners has increased slightly this week, although European and Mediterranean countries, as in recent months, are purchasing very little. In addition, it is worth noting that from March 15, payment for ice escort to the ports of Rostov, Azov and Taganrog will cease. As for the duty rate on wheat exports from Russia, from March 13 it will decrease to 3,344.5 rubles from 3,575.4 rubles per ton a week earlier. The duty on corn will also be reduced to 527 rubles from ...
Source: Zol
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