Grain freight rates increase on main routes


Grain freight rates strengthened on major routes amid the general bullish tone of the dry bulk market. The largest growth (by USD 1-2/MT) was observed in the Panamax sector (Mediterranean direction), while the Far East direction can be characterized by some weakening of freight rates. Freight brokers estimate transportation of a Panamax-size grain consignment from US Gulf to China through the Panama Canal at USD 27-28/MT, and over the Cape of Good Hope – at USD 25-26/MT.

The cost of soybean transportation from the USA increased slightly compared to the previous week, while freight rates for Brazilian soybeans shipping remained unchanged.

More information on freight market is available to subscribers for weekly market report "Black Sea Grain & Oil" by UkrAgroConsult.




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