Food Outlook No.3 - July 2002 p.23

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
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
2000/2001	13.08	40.97	15.00	18.31	27.00	36.31
2001/2002	10.99	40.97	15.00	18.50	26.92	34.19
2001 - June	12.00	40.97	15.00	18.50	27.00	35.75
July	12.00	40.97	15.00	18.50	27.00	35.75
August	12.00	40.97	15.00	18.50	27.00	35.75
September	11.50	40.97	15.00	18.50	27.00	35.75
October	11.50	40.97	15.00	18.50	27.00	36.00
2002 - March	10.50	40.97	15.00	18.50	27.00	33.00
April	10.50	40.97	15.00	18.50	27.00	33.00
May	10.50	40.97	15.00	18.50	27.00	33.00
June	10.75	40.97	15.00	18.50	27.00	33.00

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 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.