By KYIV. Nov 14 (Interfax-Ukraine) – After a missile strike on port infrastructure and a ship under the flag of Liberia in the Odesa port on November 8, the decrease in the cost of freight for grain transportation stopped, the Ukrainian Grain Association reported, citing Atria Brokers.
“The situation on the freight market at the end of the week was uncertain, and the decrease in freight rates for transportation of grain from the deep-water ports of Odesa region, which was observed over the past weeks, stopped,” the message said.
As of November 10, freight for transportation of corn by handy size to key destinations remained at the level of last week: to Israel and the east coast of Italy – $45-46/tonne, to the eastern Mediterranean – $43-45/tonne, to the Mediterranean coast of Spain – $48-50/tonne.
Freight for transportation of corn by Panamax from Odesa, Pivdenny and Chornomorsk in the direction of China also remained unchanged at $60-62/tonne, the brokerage company noted.
According to their information, freight rates in the Danube river ports developed in different directions. Rates for transportation of corn by coasters of 6,000 tonnes from the ports of Reni and Izmail in the direction of Marmara decreased by $2-3 per tonne, to $35-36/tonne, Greece – by about $2, to $39-41/tonne. Freight to Israel increased by about $2-3, to $51-52/tonne, to the eastern Mediterranean – by about $1-2, to $47-48/tonne, and to Seville – by $1, to $59-61/tonne. Rates remained relatively stable on the east coast of Italy and Spain – $51-52/tonne and $55-56/tonne, respectively.
Freight for transportation of agricultural products by barge to Constanta has decreased significantly due to the abundance of available barges and insufficient volumes of crops. Rates for transportation of corn decreased by EUR 7-8/tonne, to EUR 25-26/tonne, and sunflower – by EUR 15-16/tonne, to EUR 41-42/tonne, Atria Brokers summarized.
