# Freight rates are decrease through the Grain Agreement | Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News

> Ukrainian shipping data show Baltic freight indices fell sharply in May despite the mid-May agreement to extend the grain corridor for two months. The BFI dropped 37% over the month, with panamax and capesize rates falling most.

- Date: 2023-06-28 · published 2023-06-28T12:00:00.000Z
- Category: logistics · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/35707-freight-rates-are-decrease-through-the-grain-agreement-ukrainian-and-world
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weak Black Sea freight reflects surplus vessel tonnage and points to cheaper grain shipping out of the region. The corridor extension has not lifted rates, which keeps export freight costs low.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- en.usm.media: https://en.usm.media/freight-rates-are-decrease-through-the-grain-agreement/

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