# Double whammy for food buyers as freight costs spike amid high grain prices | Reuters

> Freight costs from the Black Sea to key consumers have roughly doubled from last year due to higher fuel costs, tighter vessel supply and longer port turnaround times. Wheat shipments from the Black Sea to Asia now cost about $65 a tonne, compared with about $35 a year earlier.

- Date: 2021-07-09 · published 2021-07-09T12:00:00.000Z
- Category: logistics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/45908-double-whammy-for-food-buyers-as-freight-costs-spike-amid-high-grain-prices
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher ocean freight raises delivered costs for Black Sea grain into Asia and Europe, narrowing the export arbitrage and supporting prices for competing origins.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-02-02 | [Weekly highlights - What the Red Sea shipping disruptions mean for grain prices - Graintab](https://feedsoft.ai/events/31561-weekly-highlights-what-the-red-sea-shipping-disruptions-mean-for-grain-prices.md) | -1.6% | -8.9% |
| WHEAT | 2026-03-10 | [Black Sea freight rates rise amid soaring bunker fuel prices](https://feedsoft.ai/events/20360-black-sea-freight-rates-rise-amid-soaring-bunker-fuel-prices.md) | -1.3% | -1.1% |
| WHEAT | 2020-09-15 | [Grain shippers brace for tight rail market - FreightWaves](https://feedsoft.ai/events/51304-grain-shippers-brace-for-tight-rail-market-freightwaves.md) | -0.8% | +7.8% |
| WHEAT | 2021-08-30 | [Wheat gains as traders weigh export prospects amid Hurricane Ida \| Air Freight News](https://feedsoft.ai/events/45609-wheat-gains-as-traders-weigh-export-prospects-amid-hurricane-ida-air-freight.md) | +0.2% | +0.5% |
| WHEAT | 2026-03-17 | [Russian Strikes Create ‘Extreme Uncertainty’ for Ukraine’s Grain Exporters, Doubling Logistics Costs](https://feedsoft.ai/events/20201-russian-strikes-create-extreme-uncertainty-for-ukraine-s-grain-exporters.md) | -0.6% | +1.9% |
| CORN | 2026-03-10 | [Black Sea freight rates rise amid soaring bunker fuel prices](https://feedsoft.ai/events/20360-black-sea-freight-rates-rise-amid-soaring-bunker-fuel-prices.md) | +3.2% | +2.8% |
| CORN | 2020-09-15 | [Grain shippers brace for tight rail market - FreightWaves](https://feedsoft.ai/events/51304-grain-shippers-brace-for-tight-rail-market-freightwaves.md) | +3.3% | +6.5% |
| CORN | 2026-10-28 | [Poultry prices may increase ahead of Christmas as feed, freight costs rise](https://feedsoft.ai/events/241-poultry-prices-may-increase-ahead-of-christmas-as-feed-freight-costs-rise.md) | -0.5% | — |

## Sources

- reuters.com: https://www.reuters.com/world/double-whammy-food-buyers-freight-costs-spike-amid-high-grain-prices-2021-07-09/

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