# Freight Rates for Grain Exports Via New Black Sea Route Fall Sharply, Ukraine Says

> Ukraine's agriculture minister said freight rates on the new temporary Black Sea corridor have fallen significantly and are expected to fall further. Freight is about 30-40% cheaper over the prior 2-3 weeks, though still higher than before the disruption.

- Date: 2023-10-02 · published 2023-10-02T12:00:00.000Z
- Category: logistics · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/33518-freight-rates-for-grain-exports-via-new-black-sea-route-fall-sharply-ukraine
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Cheaper freight lifts the margin on Ukrainian grain and makes Black Sea origin more competitive in export markets, which is bearish for world grain prices. Lower costs also help Ukrainian exporters move more volume.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- agriculture.com: https://www.agriculture.com/freight-rates-for-grain-exports-via-new-black-sea-route-fall-sharply-ukraine-says-8303361

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