FAO/GIEWS - Food Outlook May/June 1997 Table A.9

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Table A.9 - 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






1992/93 10.73 31.67 23.00 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
1995/96 12.95 30.00 16.83 21.67 41.65 25.94 35.00
1996 - May 11.00 30.00 13.00 20.00 42.00 27.00 34.50
September 8.00 16.50 9.50 20.00 - 27.00 27.00
October 10.00 16.50 12.00 20.00 - 27.00 26.00
November 14.00 15.50 12.00 20.00 - 27.00 27.00
December 13.65 15.50 16.00 20.00 - 27.00 28.00
1997 - January 13.65 15.50 16.00 20.00 - 27.00 28.00
February 11.00 15.50 14.00 20.00 - 27.00 30.00
March 11.00 15.50 13.00 20.00 - 27.00 30.00
April 10.50 15.50 13.00 20.00 - 27.00 30.00
May 10.50 15.50 11.75 20.00 - 27.00 29.00

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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