Lower freight rates for transporting grain from deep-sea ports contributes to the growth of export prices
The decrease in grain supply in Ukraine at the end of the season continues to lower rates for the transportation of grain from deep-sea ports, which allows traders to raise purchase prices.
Last week, freight rates for the transportation of grain from the ports of Odessa and the Danube decreased again, and the most - in the direction of China and Spain.
For the second week in a row, the bids for the transportation of firewood and handysizes in the direction of the Eastern Mediterranean remain at the level of $26-28/t and $27-28/t, respectively.
As of April 18, rates for the transportation of 6,000 tons of corn by fire from the ports of Izmail and Reni decreased compared to the previous week:
- in the direction of the east coast of Spain by $3/t — to $30-32/t,
- Spain - by $2/t to $35-37/t,
- Israel - by $2/t to $33-35/t,
- of the Eastern Mediterranean - by $1-2/t to $26-28/t,
- Marble - by $1/t to $22-23/t,
- Eastern coast of Greece - by $1/t to $25-26/t.
The rates for transportation by hand-sized vessels from the ports of Odesa have also decreased:
- in the direction of Spain - by $4-5/t to $29-30/t,
- Italy - by $3-4/t to $28-29/t,
- of the Mediterranean coast of Egypt - by $1-2/t to $27-28/t,
- Tunisia – remained at the level of 37-38 $/t.
Rates for panamax transportation from the deep-water ports of Odessa to China decreased by $4/t to $54-56/t, to Vietnam for fodder wheat by $4/t to $52-54/t.
Rates for barge transportation of corn to Constanta remained at the level of 10-11 €/t, sunflower to Ruse - Silistra - at the level of 16-17 €/t.
