Food Outlook 06/96

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Table A.12 - OCEAN FREIGHT RATES FOR WHEAT

From U.S. Gulf ports to:
From North Pacific ports to:
Rotterdam 1/
CIS Black Sea 1/ 2/
Egypt (Alexandria) 1/
Bangladesh 1/
East Africa Sudan 1
China 1/
Japan 1/
( . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S.$/ton . . . . . . . . . . . . . . . . . . . . . . . . . . . . . )
July/June
1990/91 12.75 26.00 18.40 28.08 38.20 18.25 26.20
1991/92 11.40 29.11 18.13 28.50 44.11 20.75 28.03
1992/93 10.73 31.67 12.12 23.00 44.55 20.94 27.71
1993/94 10.40 38.41 15.05 21.50 54.66 20.91 29.20
1994/95 15.25 30.46 18.74 23.75 39.65 22.29 32.46
1995 - May 17.50 30.00 21.00 26.00 37.75 25.50 35.00
October 12.50 30.00 19.35 25.00 42.00 27.00 34.00
November 12.60 30.00 20.00 20.00 42.00 27.00 34.50
December 14.00 30.00 20.00 20.00 42.00 27.00 34.50
1996 - January 12.50 30.00 17.00 20.00 42.00 27.00 34.00
February 11.50 30.00 17.00 20.00 42.00 27.00 34.50
March 11.50 30.00 17.00 20.00 42.00 27.00 34.50
April 11.00 30.00 13.00 20.00 42.00 27.00 34.50
May 13.00 30.00 13.00 20.00 42.00 27.00 33.50

SOURCE: International Grain Council
Note: Estimated mid-month rates based on current chartering practices for vessels ready to load three to four weeks ahead.
1/ Size of vessels: Rotterdam over 50 000 tons; CIS 20-40 000 tons; Egypt over 30 000 tons; Bangladesh 20-40 000 tons; East Africa 15-25 000 tons; China 20-30 000 tons; Japan 15-24 999 tons.
2/ Excludes CIS and U.S. flag vessels.
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