FAO/GIEWS - Food Outlook February 1998

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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/

( . . . . . . . . . . . . . . . . US$/tonne . . . . . . . . . . . . . . . . )
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
1995/96 11.00 18.85 12.77 20.00 - 27.00 28.29
1997 - January 13.10 16.5.0 13.50 20.00 - 27.00 28.00
June 11.00 15.50 12.50 20.00 - 27.00 27.00
July 11.00 15.50 15.50 20.00 - 27.00 27.00
August 11.75 15.50 13.75 20.00 - 27.00 27.00
September 10.00 15.25 13.00 20.00 - 27.00 28.50
October 10.50 15.25 11.55 20.00 - 27.00 28.50
November 10.00 15.25 11.55 20.00 - 27.00 28.50
december 12.00 15.25 11.50 20.00 - 27.00 28.50
1998 - January 10.25 15.25 13.00 20.00 - 27.00 28.50

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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