Series detail

Black Sea to Europe Grain Freight Rate

Panamax · 35 weekly scans · 3 January 2026 to 12 September 2026.

Latest mid
46 USD/MT · as of 12 September 2026
Archive updated
15 Sep 2026 · 06:38 UTC
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Indicative weekly mids, not a confirmed trade. Firm stems on request.

Current mid
46 USD/MT
As of
12 Sep 2026
Archive range
27 – 46
Weekly scans
35

Black Sea–Europe Grain Freight Rate — Latest Range

As of 12 September 2026 the archived mid for Black Sea → Europe, Panamax, is 46 USD/MT, up 4 from the previous weekly scan.

The archive range on this page is 27–46 USD/MT across 35 weekly scans from 3 January 2026 to 12 September 2026.

The previous print was 42 USD/MT on 5 September 2026.

The first archived mid on this series is 28 USD/MT on 3 January 2026.

The source printed $46 Russia; Mid is the midpoint of those figures.

Figures are indicative weekly mids for RFQ context.

Black Sea–Europe Freight Rate History — Weekly USD/MT

DateMidWeek ΔUnit
12 Sep 202646+4USD/MT
5 Sep 202642+5USD/MT
29 Aug 2026370stableUSD/MT
22 Aug 202637+2USD/MT
15 Aug 2026350stableUSD/MT
8 Aug 202635+7USD/MT
1 Aug 2026280stableUSD/MT
25 Jul 2026280stableUSD/MT
18 Jul 2026280stableUSD/MT
11 Jul 2026280stableUSD/MT
4 Jul 2026280stableUSD/MT
27 Jun 2026280stableUSD/MT
20 Jun 2026280stableUSD/MT
13 Jun 2026280stableUSD/MT
6 Jun 2026280stableUSD/MT
30 May 2026280stableUSD/MT
16 May 2026280stableUSD/MT
9 May 2026280stableUSD/MT
2 May 2026280stableUSD/MT
25 Apr 2026280stableUSD/MT
18 Apr 2026280stableUSD/MT
11 Apr 2026280stableUSD/MT
4 Apr 2026280stableUSD/MT
28 Mar 2026280stableUSD/MT
21 Mar 2026280stableUSD/MT
14 Mar 2026280stableUSD/MT
7 Mar 2026280stableUSD/MT
28 Feb 2026280stableUSD/MT
21 Feb 202628+1USD/MT
14 Feb 202627-1USD/MT
7 Feb 2026280stableUSD/MT
31 Jan 2026280stableUSD/MT
24 Jan 2026280stableUSD/MT
17 Jan 2026280stableUSD/MT
3 Jan 202628—USD/MT

Reading the Black Sea–Europe freight series

This is the Panamax rate from the Black Sea to Continental European ports — the route used when Black Sea corn or feed wheat is sold into Northern European compounders. It is longer than the East Spain leg and passes Gibraltar.

The rate moved from 28 to 37 USD/MT: low 27 on 14 February, high 37 on 22 August, largest weekly step +7 on 8 August. Like the Spain corridor it rose modestly compared with the Turkey and North Africa routes.

The Europe–Spain differential stayed at 4–6 dollars throughout, which is the usual extra sailing time. Both are useful for translating a Black Sea FOB corn price into a CIF Europe comparison with French or Romanian origin.

Related on this site: Black Sea–East Spain freight and French corn series.