Grains & Dry Bulk · CommodityScope Indicative Freight Assessment
Brazil to Iran Grain Freight Rates — Panamax
- CommodityScope Indicative Assessment
- CS Series CS-FRT-GRN-BRAZIL-IRAN-PANAMAX
- Dry Freight Methodology v1.0
- View full Series Specification
CommodityScope assesses the indicative spot freight market for this basis at $61.00/mt for 28 February 2026, Panamax, unchanged from the previous weekly reading. The assessment represents the estimated prevailing market level for the defined basis and is not a vessel-specific quotation or fixture.
Latest freight rate
What This Rate Measures
CommodityScope indicative weekly voyage freight assessment for grain from Brazil to Iran, Panamax vessels, in USD/mt.
Dry-bulk grain voyage rates: Dry-bulk grain voyage rates are CommodityScope weekly indicative freight assessments for a defined origin, destination and freight basis. Depending on the series, the basis may specify a parcel size, a vessel class, or both. Each distinct origin, destination and parcel/vessel basis is maintained as a separate series.
- The assessment basis states the vessel class (Panamax) rather than a tonnage for this route; the tonnage actually carried is not specified.
Assessment basis
- Origin: Brazil
- Destination: Iran
- Cargo: Grain
- Vessel class: Panamax (tonnage not specified)
- Rate unit: USD/mt; weekly reading
- CS Series:
- CS-FRT-GRN-BRAZIL-IRAN-PANAMAX
- Assessment type:
- CommodityScope Indicative Assessment
- Methodology:
- Dry Freight Methodology v1.0
- Series Specification:
- CS-FRT-GRN-BRAZIL-IRAN-PANAMAX
Terms not specified
- Laycan
- Vessel identity
- Load/discharge terms
- Named berths
Commercial terms not included in the assessment basis are not inferred.
Unit and cadence
- USD per metric tonne of cargo.
- Weekly reading — the change shown compares two weekly readings.
Weekly Grain Freight Rates
Latest CommodityScope weekly assessments for the defined market basis. Dates without an available assessment are omitted. A different origin is a different page.
| Date | Rate | Weekly change | Trend |
|---|---|---|---|
| 28 Feb 2026 | $61.00 | 0.00 | steady |
| 21 Feb 2026 | $61.00 | 0.00 | steady |
| 14 Feb 2026 | $61.00 | 0.00 | steady |
| 7 Feb 2026 | $61.00 | 0.00 | steady |
| 31 Jan 2026 | $61.00 | — | steady |
Computed Summary
Calculated from the CommodityScope assessment series shown above. Each statistic states its applicable period and calculation method.
The latest rate of $61.00/mt on 28 Feb 2026 is unchanged from the previous weekly assessment (21 Feb 2026).
Method: Computed by CommodityScope as the difference between the two most recent weekly observations (7 calendar days apart).
Over the available history (31 Jan 2026 – 28 Feb 2026), the highest rate was $61.00/mt on 31 Jan 2026 and the lowest was $61.00/mt on 31 Jan 2026.
Method: Minimum and maximum of the rate over the available history (31 Jan 2026 – 28 Feb 2026, 5 observations). This is not an all-time record.
- No completed calendar month with at least 3 weekly observations is loaded, so the latest value is not compared with a monthly average.
Monthly Brazil to Iran — Panamax Averages
Average, minimum and maximum of the available weekly rates in each calendar month. Incomplete latest months are marked month to date.
| Month | Average | Min | Max | Observations |
|---|---|---|---|---|
| February 2026 | 61.00 | 61.00 | 61.00 | 4 |
| January 2026 | 61.00 | 61.00 | 61.00 | 1 |
Comparable Routes, Explained
- Argentina to Iran Grain Freight Rates — Panamax
Same destination from Argentina with the same vessel class. The difference reflects the different route basis and prevailing market conditions.
$61.00 USD/mt · 28 Feb 2026 · difference (this − other) 0.00
- Russian Black Sea to Iran Grain Freight Rates — Panamax
Same destination from Russian Black Sea with the same vessel class. The difference reflects the different route basis and prevailing market conditions.
$64.00 USD/mt · 18 Jul 2026 · different assessment dates — no difference shown
- Ukrainian Black Sea to Iran Grain Freight Rates — Panamax
Same destination from Ukrainian Black Sea with the same vessel class. The difference reflects the different route basis and prevailing market conditions.
$72.00 USD/mt · 18 Jul 2026 · different assessment dates — no difference shown
- Brazil to Algeria/Tunisia Grain Freight Rates — Handymax
Same origin to Algeria/Tunisia. The series has a different route and parcel-size basis; prevailing market conditions may also differ.
$40.00 USD/mt · 17 Oct 2026 · not directly comparable — no difference shown
Related Grain Freight Rates
- Argentina to Iran Grain Freight Rates — PanamaxPanamax · $61.00 USD/mt
- Russian Black Sea to Iran Grain Freight Rates — PanamaxPanamax · $64.00 USD/mt
- Ukrainian Black Sea to Iran Grain Freight Rates — PanamaxPanamax · $72.00 USD/mt
- Brazil to China Grain Freight Rates — PanamaxPanamax · $59.00 USD/mt
- Brazil to Europe Grain Freight Rates — PanamaxPanamax · $37.00 USD/mt
- Brazil to Japan Grain Freight Rates — PanamaxPanamax · $60.00 USD/mt
- Brazil to South Korea Grain Freight Rates — PanamaxPanamax · $58.00 USD/mt
- Brazil to Spain Grain Freight Rates — PanamaxPanamax · $37.00 USD/mt
What This Assessment Represents
This is a CommodityScope indicative voyage freight assessment for the origin, destination, commodity and parcel-size or vessel-class basis defined above. It is not a live fixture. Russia and Ukraine are separate origins on separate pages; where a lane publishes several lot sizes, each lot size is a separate series on the same page. Laycan, named berths and vessel identity are not inferred when the series basis does not specify them.
How to use
- Combine the freight rate with a comparable FOB origin price to estimate a CFR-equivalent sea-delivered value, provided the cargo and freight bases are compatible.
- Compare freight levels across different origin and vessel/parcel bases; differences may reflect route, vessel availability, port conditions, timing and market balance.
Not suitable for
- Fixing a vessel: no laycan, vessel name, terms (e.g. load/discharge rates) or demurrage are implied.
- Mixing lot sizes: a 30,000 mt coaster/handysize stem is not the same market as a 40/50,000 mt panamax stem.
Assessment and computed statistics: CommodityScope. See the Dry Freight Methodology v1.0 for assessment basis, calculation principles and data policy.