Food Outlook No.4 - October 2002 p.25

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Table A.10 - 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 - 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
           November 11.50 40.97 15.00 18.50 27.00 36.00
           Decemberr 11.50 40.97 15.00 18.50 26.00 33.00
2002 - 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
           Julyl 10.75 40.97 15.00 18.50 27.00 33.00
           August 10.75 40.97 15.00 18.50 27.00 33.00
           September 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.


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