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Tariffs for grain transportation are stable, pending new navigation closures and changes in duties.
Cereals
Groats
Stern
Wheat
agricultural products

Tariffs for grain transportation are stable, pending new navigation closures and changes in duties.

On the 47th week, freight transport rates in the Azov-Black Sea region remained unchanged. Low grain prices are keeping the market in check.

Important: navigation along the Volga-Don Canal will close on November 27, and the export duty on wheat from the Russian Federation will increase.

21 November 2024 21 November 2024

On the forty-seventh week, freight rates in the Azov-Black Sea region remain at the same level as last week. For example, transporting 3000 tons of cargo from Azov to the ports of the Sea of Marmara will cost $28 per ton. Low world prices for grain limit traders' opportunities to enter into lucrative contracts, leading to a stagnant market in the region. It is worth noting that this week the closing dates for navigation on the Volga-Don Canal became known - the locks will be closed for vessel passage on November 27.

The export duty rate for wheat from Russia will increase to 2,689.7 rubles per ton starting from November 20. Meanwhile, the export duty rate for barley will decrease to 1,233.2 rubles per ton, and for corn - to 3,065.5 rubles per ton.

Freight rates for wheat FIOST sf 47′ from Azov ($/ton)

Destination Ports BSS L/D RATES Week 43 Week 44 Week 45 Week 46 Week 47
Georgia 1000 metric tons /sshex 30 30 28 26 26
Turkish Black Sea ports 1000 metric tons /sshex 30 30 28 26 26
Sea of Marmara ports 1000 metric tons /sshex 32 32 30 28 28

Freight rates for corn FIOST sf 49′ to Iran ($/ton)

Destination Ports BSS L/D RATES Week 43 Week 44 Week 45 Week 46 Week 47
Aktau 1000 metric tons /sshex 24 29 33 33 33
Makhachkala 1000 metric tons /sshex 28 33 37 37 37
Astrakhan 1000 metric tons /sshex 32 37 41 41 41
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