Romania. Will Ukrainian grain compete effectively with Romanian grains in 2023/24 season?
After the first round of talks in Istanbul on grain corridor extension, the Turkish officials said they expected the agreement to be extended for 2 months. Anyway, last Friday May 12, the grain corridor was only open for outbound ships. This may indicate the last days of the corridor operation.
That is why UkrAgroConsult continues to analyze alternative routes for Ukrainian agricultural exports.
One of the possible routes for grain exports is transshipment in the Romanian port of Constanta. This port exported 24 M mt of grains in 2022, which is 5% less than in the record-breaking 2021 (25.2 M mt). However, these statistics do not include 3.7 M mt of oilseeds, veg oils and meals, also shipped in 2022. And this record was in a year with low harvest in Romania (according to UkrAgroConsult, the 2022 grain production was 18.6 M mt).
Estimates of the Constanta’s grain transshipment capacity in 2023 vary from 30 to 34 M mt, incl. 21-25 M mt will be transshipped through the Port terminals, and another 9 M mt will be transshipped by floating cranes. UkrAgroConsult estimates Constanta Port storage capacity at 2 M mt of agricultural products.
In 2023/24 MY, Romania grain harvest is expected at 24.9 M mt. Indirectly it means there will be less room for Ukrainian grain in the supply chain thru Romania. Constanta Port operator Comvex Company said the terminals will rather give preference to traditional customers and these preferences will be especially noticeable in the first months of the new agricultural season (June-Sept 2023) with the arrival of wheat harvest to the port elevators.
Full version of the article is available to subscribers for Online Analytics “Black Sea Grain” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!!
Start using analytical data and increase your efficiency now!
Register to get your demo access: http://agrisupp.com/en/register/1
In the next 7-10 days, precipitation and a decrease in temperatures are expected i...
12 regions of Ukraine have completed sowing spring crops
Wheat prices are rising against the backdrop of reduced crop forecasts in the EU d...
Rapeseed oil has great prospects in the biofuel market
Bunge finalizing $30 billion-plus merger with Viterra
Write to us
Our manager will contact you soon
//= do_shortcode('[contact-form-7 id="284" title="Бесплатная консультация"]'); ?>