In a complicated situation with the currency, Turkish buyers are forced to carefully plan the possible contracts, while Russian Traders are interested to export the remains of grain from the last harvest to the beginning of the high season (July 2018). While all the players trying to figure out how to act in rapidly changing market conditions, the Russian Traders deliver the cargo residues and close the current contracts.

General Director of "glogos Proekt" Konstantin Grinevich explains: "Russian farmers now have enough grain to sustain the intense level of shipments. Enough free tonnage, which you can Charter for the flight, but one of the main Russian importers are not ready yet to buy grain."

Thus, the freight market in Azov-black sea region now depends on how the situation is resolved with the lyre. Obviously, short-lived (1-2 weeks) suspension of trade with Turkey is inevitable, it will lead to reduction in freight rates on the Turkish direction. "In the near future there will be a reorientation of the grain traffic to other countries, says K. Grinevich. – So, some Charterers are sent to the countries of southern Europe. What time will be a shift of freight traffic will be clear as soon as the Turkish Lira is going to increase".

Source: Glogos Project

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