Originally Posted by
ORAC
About that plan of shipping Ukrainian wheat via the Danube-Rhine canal to the North Sea ports….
CHART OF THE DAY: Rhine barge costs beyond the chokepoint of Kaub are rising very fast, approaching the record high set during the 2018 drought.
Kaub water gauge stands at 62cm (down from 150cm in early July), and set to drop to 45cm by weekend. Below 40-35cm barge traffic stops…
Orac
Yed that is definitely a problem and it’s been dry in Central Europe. Also a lot of barges on coal traffic at the moment as well for the obvious reason.
Cheers
Mr Mac