Series detail

Black Sea to Indonesia Grain Freight Rate

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

Latest mid
95 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
95 USD/MT
As of
12 Sep 2026
Archive range
50 – 95
Weekly scans
35

Black Sea–Indonesia Grain Freight Rate — Latest Range

As of 12 September 2026 the archived mid for Black Sea → Indonesia, Panamax, is 95 USD/MT, up 10 from the previous weekly scan.

The archive range on this page is 50–95 USD/MT across 35 weekly scans from 3 January 2026 to 12 September 2026.

The previous print was 85 USD/MT on 5 September 2026.

The first archived mid on this series is 52 USD/MT on 3 January 2026.

The source printed $95 Russia; Mid is the midpoint of those figures.

Figures are indicative weekly mids for RFQ context.

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

DateMidWeek ΔUnit
12 Sep 202695+10USD/MT
5 Sep 202685+3USD/MT
29 Aug 202682+12USD/MT
22 Aug 2026700stableUSD/MT
15 Aug 202670+5USD/MT
8 Aug 2026650stableUSD/MT
1 Aug 202665+2USD/MT
25 Jul 202663+3USD/MT
18 Jul 202660+1USD/MT
11 Jul 2026590stableUSD/MT
4 Jul 2026590stableUSD/MT
27 Jun 2026590stableUSD/MT
20 Jun 202659-1USD/MT
13 Jun 202660-1USD/MT
6 Jun 2026610stableUSD/MT
30 May 2026610stableUSD/MT
16 May 202661+2USD/MT
9 May 2026590stableUSD/MT
2 May 2026590stableUSD/MT
25 Apr 2026590stableUSD/MT
18 Apr 202659-2USD/MT
11 Apr 2026610stableUSD/MT
4 Apr 202661+1USD/MT
28 Mar 2026600stableUSD/MT
21 Mar 202660+4USD/MT
14 Mar 202656+2USD/MT
7 Mar 2026540stableUSD/MT
28 Feb 202654+1USD/MT
21 Feb 2026530stableUSD/MT
14 Feb 2026530stableUSD/MT
7 Feb 2026530stableUSD/MT
31 Jan 202653+1USD/MT
24 Jan 202652+2USD/MT
17 Jan 202650-2USD/MT
3 Jan 202652—USD/MT

Reading the Black Sea–Indonesia freight series

Indonesia is one of the world's largest wheat importers and has no domestic wheat crop; Black Sea wheat competes there mainly with Australian origin. Cargoes arrive in Panamax lots at Jakarta, Surabaya and Cilegon.

The rate rose from 53 to 82 USD/MT (+29, about 55%). It was the highest freight print on the board at the start of the archive and again at the end, with the high set on the final scan after a 12-dollar week.

The Indonesia–China differential narrowed from 11 dollars in January to 2 dollars in August. For a Black Sea wheat seller, freight on this route was well over a third of the FOB price at the end of the archive, versus under a quarter at the start.

Related on this site: Black Sea–China freight and Russian wheat 12.5% series.