Shipping grain from the Pacific Northwest to Japan cost $44.75 per metric ton as of April 21. This is an increase of more than 20% over the previous year.
Two Russian-flagged bulk carriers, the Matros Pozynich and Matros Koshka vessels, docked next to what appears to be a grain silo while a belt is transferring grain into an open cargo hold, according to the latest satellite images of the seaport of Sevastopol in the Crimea, taken by the U.S. company Maxar Technologies on May 19-21.
In addition to stealing grain, Russia has blockaded Ukrainian ports, causing 22 million tonnes of grain to become stranded in silos, putting the world food supply at risk.
Russia has continued to transport grains at the increased price, finding eager customers and earning more per ton. According to estimates from agricultural expert SovEcon, global wheat prices have risen by more than 50% this year, and the Kremlin has received $1.9 billion in wheat export duties so far this season.
Russia and Ukraine are important grains and sunflower oil producers in the globe. Ukraine is also one of the top six grain, poultry, and honey exporters in the world.
Shipping grain from the Pacific Northwest to Japan cost $44.75 per metric ton as of April 21. This is an increase of more than 20% over the previous year. Some of the rise can be attributed to higher energy expenses. According to the USDA Grain Transportation Report, when additional ships become available, pricing may reduce. Each month, around 700 dry bulk carriers are loaded in Russian and Ukrainian ports. The conflict is limiting grain exports from the Black Sea, which frees up ships for commerce in other regions of the world.
Disclaimer: The content here is for informational purpose only. Seabay Logistics does not represent or endorse the accuracy or reliability of any advice, opinion, statement or other information provided.
Shanghai has actively supported the orderly resumption of work and
2022-06-09 / Logistics News
The Philippine Coast Guard (PCG) is reportedly conducting an exten
2022-06-01 / Logistics News
From June 1st, Shanghai starts to enter a comprehensive and orderl
2022-05-31 / Logistics News
Shipping grain from the Pacific Northwest to Japan cost $44.75 per
2022-05-27 / Logistics News
An estimated 260,000 TEU of cargo is expected to flood the market
2022-05-23 / Logistics News
The Russia-Ukraine War has triggered a global food crisis. The foo
2022-05-18 / Logistics News
The US trucking industry has lost its swagger – demand and rates a
2022-04-29 / Logistics News
Ukraine is attempting to establish a trade corridor with the Balti
2022-04-28 / Logistics News
Add ：# 3108, CIQ Building, South Wenjin Road, Luohu District, Shenzhen China 518001.
Tel ：+86-755-82141292 Fax ：+86-755-82141001
E-mail：mark@seabay.cn
Please login WeChat on your mobile and scan below QR Code to find us.(You will have to download WeChat Apps on your mobile first if you don't have this application.)
