New export rules have caused uncertainty in the market

After the introduction of new export rules, demand for sea transportation decreased somewhat.

However, the new export rules, which came into force on December 1, created uncertainty that affects the usual seasonal trends. This is reported by Spike Brokers.

Moreover, at the end of the year there is usually an increase in demand for sea transportation, which usually leads to an increase in prices.

Thus, freight rates for “handisizes” from the ports of Great Odesa to the east coast of Italy and Spain decreased by an average of $ 1. At the same time, rates for transportation by barges and “coasters” from the ports of the Danube remain stable, demonstrating resilience in this market segment.

Market rates for transportation from river ports (Izmail):

• towards Romania (1-3 thousand tons) – 9-10 euros;

• to the east coast of Italy (5-7 thousand tons) – 30-31 dollars.

Market rates for transportation from seaports (Chornomorsk):

• to the east coast of Italy (30-35 thousand tons) – $19-20;

• to the east coast of Spain (25-30 thousand tons) – $22-24.

The day before, USM wrote that USDA analysts had increased their forecast for wheat exports from Ukraine.