Port of Constanta will be able to transship more than 20 million tons of grain in case of closure of the “grain corridor”

The Romanian port of Constanta will be able to transship 12 million tons of corn and about the same amount of wheat, including Romanian, Serbian and Ukrainian grain, if the grain corridor is closed.

Cargill trader Alexandru Nahu told this at the international conference EURO GRAIN HUB Exchange & Forum.

Most market participants hope that the “grain corridor” in the Black Sea will continue to operate. However, the port of Constanta is considering scenarios with different transshipment volumes in case of its closure.

“We hope that the corridor will not be closed. Perhaps there will be a short stop for a few weeks or a month between seasons, but it will most likely continue to work. But even if the grain corridor is closed, Ukraine will be able to export 50 million tons of grain next year (marketing year – ed. note), because logistics through neighboring countries has improved significantly,” Alexandru Nahu believes.

The expert predicts that if Ukrainian exports through the ports of Greater Odesa are suspended, Constanza will receive about 6 mln tons of corn and 4 mln tons of wheat in the 2023 harvest.

Earlier, the port operator Comvex said that Ukrainian grain supplies through the Black Sea port of Constanta may decrease due to the increase in the grain harvest in Romania this year.

Tags: EURO GRAIN HUB Exchange & Forum, Black Sea grain corridor, Ukraine, corn, Cargill, export, grain, Romania, wheat