Ukraine grain exports via Romania's Constanta port drop 43.5% in first half
Updates throughout
BUCHAREST, July 22 (Reuters) -Ukraine's grain exports through the Romanian Black Sea port of Constanta fell by 43.5% on the year in the first half to 4.24 million metric tons, the port authority said, as Kyiv has been able to rely on its own ports this year.
Constanta port had been Ukraine's main alternative route for grain since Russia's full-scale invasion in 2022 and the port has seen an influx of European Union investment funds aimed at increasing its capacity.
Grain arrives in Romania by road, rail and barge across the Danube river and the port remains an important alternative route.
But a shipping corridor Ukraine created in August 2023 from Odesa, that hugs the western Black Sea coast near Romania and Bulgaria after Russia withdrew from a U.N.-brokered safe grain export deal, means Kyiv relies less on Constanta.
Romania is one of the EU's biggest grain exporters. The port of Constanta also handles shipments for the EU state’s landlocked neighbours including Serbia, Hungary and Moldova.
Earlier this month, Ukrainian producers said the combined export of grain and oilseed is seen at around 60 million tons for 2024/25, almost the same as in 2023/24.
Constanta Port data, which does not include volumes handled through smaller Romanian Danube ports and rail and road exports to southern European states, showed that 740,000 tons of Ukrainian grain left port in June.
Overall grain exports through Constanta amounted to 15 million tons by June 30, virtually unchanged from the same period of last year.
Reporting by Luiza Ilie
Editing by Bernadette Baum
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
