Grain shipments from South America became more expensive despite seasonal reduction of exports

16.08.2016

Trading activity was low in the South Atlantic, due to traditional reduction of South American grain exports during this period. Freight rates were under pressure in the region last week. However, ship owners managed to keep them unchanged. At the same time, in some cases ship owners could even raise rates. Brokers explained this by some lack of fleet, available for certain dates.

Trading activity recovered slightly In the North Atlantic. Market players noted some increase in grain shipments from US Gulf ports. As a result shippers had to raise their rate ideas for transportation in the Far East direction.

UkrAgroConsult on the basis of information service "Promyshlennye gruzy"

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

 

 

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