FAO/GIEWS - Food Outlook No.2 - May 2002 p.29

Table A.9 - OCEAN FREIGHT RATES FOR WHEAT

	From U.S. Gulf ports to:				From North Pacific ports to:
	Rotterdam 1/	CIS Black Sea 1/ 2/	Egypt (Alexandria) 1/	Bangladesh 1/	China 1/	Japan 1/
	( . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . US$/tonne. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . )
July/June
1996/97	11.00	18.85	12.77	20.00	27.00	28.29
1997/98	9.60	18.10	11.70	20.17	27.00	28.00
1998/99	9.42	25.45	9.25	18.75	27.00	29.17
1999/2000	12.60	40.97	13.65	18.50	27.00	32.83
2000/2001	13.08	40.97	15.00	18.31	27.00	36.31
2001 - April	11.50	40.97	15.50	16.25	27.00	36.50
May	12.00	40.97	14.75	18.50	27.00	36.50
June	12.00	40.97	15.00	18.50	27.00	35.75
July	12.00	40.97	15.00	18.50	27.00	35.75
August	12.00	40.97	15.00	18.50	27.00	35.75
2002 - January	10.35	40.97	15.00	18.50	27.00	33.00
February	9.25	40.97	15.00	18.50	27.00	33.00
March	10.50	40.97	15.00	18.50	27.00	33.00
April	10.50	40.97	15.00	18.50	27.00	33.00

Source: International Grain Council

Note: Estimated mid-month rates based on current chartering practices for vessels ready to load three to four weeks ahead.

1/ Size of vessels: Rotterdam over 40 000 tonnes; CIS 20-40 000 tonnes; Egypt over 30 000 tonnes; Bangladesh over 40 000 tonnes; China 20-35 000 tonnes; Japan 15-24 999 tonnes.

2/ Excludes CIS and United States flag vessels.