The Romanian port of Constanta will be able to handle 12 million tons of grain if the grain corridor is closed

The Romanian port of Constanta will be able to handle 12 million tons of grain if the grain corridor is closed

The Romanian port of Constanţa, in the event of the closure of the grain corridor, will be able to handle 12 million tons of corn and approximately the same amount of wheat, including Romanian, Serbian and Ukrainian grain, Cargill trader Alexander Nyagu told the EURO GRAIN HUB Exchange & Forum international conference.

Most market participants hope that the grain corridor in the Black Sea will continue to work. However, the Port of Constanţa is considering scenarios with different transshipment volumes in case of its closure.

"We hope that the corridor will not be closed. Maybe there will be a short stop for a few weeks or a month between seasons, but most likely it will continue to work. But even if the grain corridor is closed, Ukraine will be able to export 50 million tons of grain next marketing year, so that logistics through neighboring countries have improved significantly," Nyagu believes.

The expert predicts that in case of termination of Ukrainian exports through the ports of Great Odesa, about 6 million tons of corn and 4 million tons of wheat of the 2023 harvest will arrive in Constanta.