Series detail

Black Sea to East Spain Grain Freight Rate

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

Latest mid
44 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
44 USD/MT
As of
12 Sep 2026
Archive range
22 – 44
Weekly scans
35

Black Sea–East Spain Grain Freight Rate — Latest Range

As of 12 September 2026 the archived mid for Black Sea → East Spain, Panamax, is 44 USD/MT, up 8 from the previous weekly scan.

The archive range on this page is 22–44 USD/MT across 35 weekly scans from 3 January 2026 to 12 September 2026.

The previous print was 36 USD/MT on 5 September 2026.

The first archived mid on this series is 23 USD/MT on 3 January 2026.

The source printed $44 Russia; Mid is the midpoint of those figures.

Figures are indicative weekly mids for RFQ context.

Black Sea–East Spain Freight Rate History — Weekly USD/MT

DateMidWeek ΔUnit
12 Sep 202644+8USD/MT
5 Sep 202636+5USD/MT
29 Aug 2026310stableUSD/MT
22 Aug 202631+2USD/MT
15 Aug 2026290stableUSD/MT
8 Aug 202629+5USD/MT
1 Aug 2026240stableUSD/MT
25 Jul 2026240stableUSD/MT
18 Jul 2026240stableUSD/MT
11 Jul 2026240stableUSD/MT
4 Jul 2026240stableUSD/MT
27 Jun 2026240stableUSD/MT
20 Jun 2026240stableUSD/MT
13 Jun 2026240stableUSD/MT
6 Jun 2026240stableUSD/MT
30 May 202624+2USD/MT
16 May 2026220stableUSD/MT
9 May 202622-1USD/MT
2 May 2026230stableUSD/MT
25 Apr 2026230stableUSD/MT
18 Apr 2026230stableUSD/MT
11 Apr 2026230stableUSD/MT
4 Apr 2026230stableUSD/MT
28 Mar 2026230stableUSD/MT
21 Mar 2026230stableUSD/MT
14 Mar 2026230stableUSD/MT
7 Mar 2026230stableUSD/MT
28 Feb 2026230stableUSD/MT
21 Feb 2026230stableUSD/MT
14 Feb 2026230stableUSD/MT
7 Feb 2026230stableUSD/MT
31 Jan 2026230stableUSD/MT
24 Jan 2026230stableUSD/MT
17 Jan 2026230stableUSD/MT
3 Jan 202623—USD/MT

Reading the Black Sea–East Spain freight series

East Spain — Tarragona, Valencia, Cartagena — is the entry point for one of the EU's largest feed industries, which imports corn, feed wheat and barley in Panamax lots. The route runs the length of the Mediterranean without a canal transit.

The rate moved from 23 to 31 USD/MT over the archive: low 22 on 9 May, high 31 on 22 August, largest weekly step +5 on 8 August. It is the smallest move of any corridor on the board that was actually repriced (the South Africa line did not change at all).

Because this corridor moved so little while the Turkey and North Africa rates tripled, the relative attractiveness of Black Sea grain into Spain versus into closer destinations changed materially over the summer.

Related on this site: Black Sea–Europe freight and Ukrainian corn series.