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Spike Brokers reports that panamax freight rates from Ukrainian ports to Asian destinations rose $1-2/t during the week to July 22. Handysize, lighter and barge rates were unchanged, and southern China and South Vietnam freight stood at $49-54/t.
Higher panamax rates from the Black Sea add to the landed cost of Ukrainian grain and corn sold into Asia, modestly supporting origin-to-Asia freight costs.
graintrade.com.uaJul 25, 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.
