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Black Sea shippers are shifting cargo to Ukrainian ports such as Odessa after customs reforms cut clearance times to one to two hours, versus three to four hours in Russia. Terminal handling charges in Odessa are also lower, at $186.30 per TEU compared with $200 to $210 at Novorossiysk.
Faster, cheaper Ukrainian port handling can redirect grain and container flows toward Odessa, modestly affecting Black Sea export logistics costs and competition among origins.
joc.comEugene Gerden, Russia Special CorrespondentJun 29, 2017After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% over 20.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
Not 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.
