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Grain freight rates from Black Sea and Danube ports were broadly unchanged in the week to August 20. Shipowners lacked orders, so charterers pushed rates lower in some segments.
Panamax rates to southern China and Vietnam held steady, while rates to Bangladesh and some handysize routes eased slightly.
Weak ship demand and falling rates from Ukrainian ports point to lower export freight costs, which can ease landed costs for importers of Black Sea corn and wheat. Sustained weakness signals limited pull for Ukrainian grain shipments.
tridge.comVictor LangatAug 20, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
