Low trading activity was noted in the Azov and Caspian basin Investment
In the Caspian Sea basin further reduction of trading activity and freight rates was observed. This was triggered by prohibition on wheat supply to Iran, which entered into force. It was noted that formal ban should not apply to previously concluded contracts. However, most of grain has been already supplied.
More information on freight market is available to subscribers for weekly market reports "Black Sea Grain & Oil" by UkrAgroConsult