Cost of transportation of grains by barges from Danube ports to Constanta considerably increases - Ukrainian Grain Association

MOSCOW. July 28 (Interfax) - The rates of transportation of grains and oilseeds by barges from the Reni and Izmail ports in the Odessa region to Constanta, Romania, have increased considerably, and coaster freight has grown significantly, Ukrainian media outlets said, citing the press service of the Ukrainian Grain Association.

According to the press service, the freight rates of transportation of corn and wheat, rapeseed and barley by barges to the Romanian port increased by eight euros per tonne to 38 euros per tonne and 43 euros per tonne, respectively, as of June 27, 2023. At the same time, the freight rate of transportation of granulated sunflower meal grew by seven euros per tonne, reaching 45 euros per tonne.

In addition, the freight rates of transportation of corn and grain by coasters from the Reni and Izmail ports towards Crete increased by $4-$6 per tonne to $42-$44 per tonne, towards Israel and the eastern Mediterranean by $3 per tonne to $48 per tonne and $43-$45 per tonne, respectively, to the eastern coast of Italy by $2-$5 per tonne to $50-$53 per tonne, to the eastern coast of Greece by $2-$3 per tonne to $39-$40 per tonne. The rates of transportation of grain to Spain have increased by $1-$4 per tonne, reaching $56-$59 per tonne.

The Ukrainian Grain Association noted that ship owners demanded an additional military insurance payment while shipping cargo towards Spain, Israel and the eastern coast of Italy.

The freight rate of transportation of rapeseed by coasters from the Reni and Ismail ports to Spain increased by $2-$5 per tonne to $77-$80 per tonne, granulated sunflower meal to Marmara by $3-$4 per tonne to $43-$44 per tonne, and the non-granulated one by $3 per tonne, reaching $48 per tonne, it said.

"Amid mass anxiety in the beginning of the week, some ship owners refused to provide their ships for the entry to Sulina, Romania, but subsequently returned to fulfilling their obligations," it said.