Food Outlook 09/96

Table A.12 - 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
1991/92	11.40	29.11	18.13	28.50	44.11	20.75	28.03
1992/93	10.73	31.67	12.12	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	15.25	30.46	18.74	23.75	39.65	22.29	32.46
1995 - August	15.50	30.00	20.00	25.00	42.00	22.75	36.50
1996 - January	12.50	30.00	17.00	20.00	42.00	27.00	34.00
February	11.50	30.00	17.00	20.00	42.00	27.00	34.50
March	11.50	30.00	11.00	20.00	42.00	27.00	34.50
April	11.00	30.00	13.00	20.00	42.00	27.00	34.50
May	11.00	30.00	13.00	20.00	42.00	27.00	34.50
June	11.50	30.00	14.50	20.00	42.00	27.00	31.50
July	10.10	30.00	13.00	20.00	-	27.00	29.50
August	9.40	39.25	13.00	20.00	-	27.00	28.00

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.