# Analysts note decline in freight rates for grain transportation from Danube ports, Odessa

> Freight rates for grain shipped by coastal and handysize vessels from Danube ports and Odessa declined in the week to April 18. Corn rates from Reni and Izmail to Italy fell by $3 per tonne to $30-31, and Panamax rates from Odessa to China dropped by $4 to $54-56 per tonne.

- Date: 2024-04-23 · published 2024-04-23T12:00:00.000Z
- Category: logistics · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/30937-analysts-note-decline-in-freight-rates-for-grain-transportation-from-danube
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower Black Sea freight reduces landed costs for Ukrainian corn and wheat into Mediterranean and Asian markets, supporting export competitiveness and slightly bearish pressure on FOB origin prices.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-11-18 | [Freight rates for grain transportation from Ukraine are decreasing \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/16989-freight-rates-for-grain-transportation-from-ukraine-are-decreasing-ukrainian.md) | -0.1% | +2.7% |
| CORN | 2024-04-30 | [Freight rates for the transportation of Ukrainian grain by sea affect its competitiveness](https://feedsoft.ai/events/30624-freight-rates-for-the-transportation-of-ukrainian-grain-by-sea-affect-its.md) | +3.0% | +7.6% |
| CORN | 2025-08-12 | [Rising Freight Rates for Grain Shipping from Ukraine](https://feedsoft.ai/events/14187-rising-freight-rates-for-grain-shipping-from-ukraine.md) | +0.0% | +4.3% |
| CORN | 2026-05-08 | [Grain transportation demand strong despite fuel costs \| Feed & Grain](https://feedsoft.ai/events/16365-grain-transportation-demand-strong-despite-fuel-costs-feed-and-grain.md) | +1.3% | -3.8% |
| CORN | 2023-12-21 | [Grain Transportation Report, December 21, 2023](https://feedsoft.ai/events/32731-grain-transportation-report-december-21-2023.md) | +3.0% | -1.6% |
| WHEAT | 2024-11-18 | [Freight rates for grain transportation from Ukraine are decreasing \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/16989-freight-rates-for-grain-transportation-from-ukraine-are-decreasing-ukrainian.md) | -0.6% | +0.3% |
| WHEAT | 2024-04-30 | [Freight rates for the transportation of Ukrainian grain by sea affect its competitiveness](https://feedsoft.ai/events/30624-freight-rates-for-the-transportation-of-ukrainian-grain-by-sea-affect-its.md) | +2.3% | +14.7% |
| WHEAT | 2026-06-22 | [Decrease in Freight Rates for Ukrainian Grain Exports](https://feedsoft.ai/events/19023-decrease-in-freight-rates-for-ukrainian-grain-exports.md) | -1.4% | -1.0% |

## Sources

- interfax.com: https://www.interfax.com/newsroom/top-stories/101689/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.