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Russian attacks continue but Ukraine grain rates are lower, says ASAP Agri consultancy

The grain freight rates in Ukraine are down despite the 'ongoing Russian attacks' on Black Sea ports, ASAP Agri said on Monday. They cited a seasonal decline in cargo flow.

Last week, officials and industry executives told? Last week, industry executives and officials told?

The Ukrainian Navy said Monday that a Russian drone?hit a Turkish dry cargo vessel, causing an extensive fire on board.

Ukraine is a major grain exporter in the world, and its Black Sea port handles more than 90% of its exports.

ASAP Agri stated that as Ukraine closes its 2025/26 summer-july export season, the historically low cargo flow at this time makes it difficult for shipowners to increase freight rates.

It said that "Shipowners have been trying to get the market going and are proposing higher freight rates ahead of the grain season."

Charterers still have the upper hand, however, because of the availability of tonnage in the Black Sea and the sharp decline in bunker costs, and can negotiate rates that are close to their expectations, it said.

ASAP Agri reported that freight charges for grain shipments from Ukraine have decreased by approximately $1 per metric tonne in both the Coaster segment and Handysize segment.

According to the Ukrainian Economy Ministry, the country has?exported 36 million tons of grains so far this year compared with 40 millions at the same time last season.

Ukraine has already begun the new grain harvest for 2026. Officials have stated that it can export around 43 million tons of different grains during the new season 2026/27. (Reporting and editing by Tomaszjanowski)

(source: Reuters)