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Shipowners in the Black Sea are short of available Handysize vessels as demand rises on regular wheat and corn shipments from Ukraine, Romania and Bulgaria. Charterers' bids trail shipowners' offers by USD 4-5/MT even on short-distance deals, and many exporters are postponing shipments.
Tight vessel supply and higher freight raise the landed cost of Black Sea grain and can delay export sales, which supports freight rates and firms nearby grain prices.
ukragroconsult.comFeb 23, 2021Not 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.
