FAO/GIEWS - Food Outlook No.2 - April 2001 p. 12

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/	China 1/	Japan 1/
	( . . . . . . . . . . . . . . . . . . . . . . . US$/tonne. . . . . . . . . . . . . . . . . . . . . . )
July/June
1995/96	12.95	30.00	16.83	21.67	25.94	35.00
1996/97	11.00	18.85	12.77	20.00	27.00	28.29
1997/98	9.60	18.10	11.70	20.17	27.00	28.00
1998/99	9.42	25.45	9.25	18.75	27.00	29.17
1999/2000	12.60	40.97	13.65	18.50	27.00	32.83
2000 - March	11.10	40.97	12.00	18.50	27.00	32.50
August	16.00	40.97	16.25	18.50	27.00	36.00
September	16.00	40.97	16.50	18.50	27.00	36.00
October	14.50	40.97	16.00	18.50	27.00	36.50
November	14.50	40.97	14.75	18.50	27.00	36.50
December	12.25	40.97	13.00	18.50	27.00	36.50
2001 - January	12.25	40.97	14.25	18.50	27.00	36.50
February	12.00	40.97	13.80	18.50	27.00	36.50
March	11.50	40.97	14.00	18.50	27.00	36.50

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 40 000 tonnes; CIS 20-40 000 tonnes; Egypt over 30 000 tonnes; Bangladesh over 40 000 tonnes; China 20-35 000 tonnes; Japan 15-24 999 tonnes.

2/ Excludes CIS and United States flag vessels.