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Black Sea ports in Novorossiysk, Chornomorsk and Odessa are marketing faster routes for Asia-to-Southern Europe cargo compared with the traditional Shanghai-to-St. Petersburg route. Their expansion may bring lower rates over time.
Competitive freight options from Black Sea ports could shift container and bulk routing and modestly lower shipping costs, with limited direct effect on grain prices.
prod.int.joc.comEugene Gerden, Special CorrespondentAug 21, 2018Not 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.
