Berliner Boersenzeitung - Ukraine eyes Romanian port for key farm exports

EUR -
AED 4.273873
AFN 76.929105
ALL 96.379067
AMD 444.029165
ANG 2.083178
AOA 1067.159907
ARS 1669.272238
AUD 1.756871
AWG 2.097662
AZN 1.979007
BAM 1.953746
BBD 2.344035
BDT 142.270396
BGN 1.955457
BHD 0.438721
BIF 3450.522479
BMD 1.163751
BND 1.509219
BOB 8.070548
BRL 6.320677
BSD 1.163776
BTN 104.758292
BWP 15.482786
BYN 3.365775
BYR 22809.524649
BZD 2.340649
CAD 1.612779
CDF 2597.492788
CHF 0.939101
CLF 0.027377
CLP 1074.002511
CNY 8.229703
CNH 8.229217
COP 4447.857307
CRC 568.302402
CUC 1.163751
CUP 30.839408
CVE 110.730605
CZK 24.29028
DJF 206.822123
DKK 7.468604
DOP 74.771025
DZD 151.366954
EGP 55.248856
ERN 17.456269
ETB 180.916335
FJD 2.643812
FKP 0.872848
GBP 0.873441
GEL 3.136298
GGP 0.872848
GHS 13.336175
GIP 0.872848
GMD 85.546628
GNF 10111.253446
GTQ 8.914626
GYD 243.48501
HKD 9.054869
HNL 30.651768
HRK 7.533312
HTG 152.379765
HUF 384.868819
IDR 19409.043474
ILS 3.752108
IMP 0.872848
INR 104.908859
IQD 1524.596811
IRR 49023.021981
ISK 148.913831
JEP 0.872848
JMD 186.573808
JOD 0.825087
JPY 181.472459
KES 150.414828
KGS 101.769946
KHR 4661.987879
KMF 491.10353
KPW 1047.375979
KRW 1710.377003
KWD 0.357377
KYD 0.969884
KZT 594.694649
LAK 25239.567778
LBP 104218.856453
LKR 359.122365
LRD 205.414879
LSL 19.76172
LTL 3.436255
LVL 0.703942
LYD 6.32435
MAD 10.750995
MDL 19.732335
MGA 5189.56521
MKD 61.575251
MMK 2443.911415
MNT 4128.95989
MOP 9.326693
MRU 46.412195
MUR 53.672293
MVR 17.922294
MWK 2018.086552
MXN 21.261474
MYR 4.786468
MZN 74.375604
NAD 19.76172
NGN 1687.974768
NIO 42.824967
NOK 11.789138
NPR 167.613466
NZD 2.01475
OMR 0.447463
PAB 1.163781
PEN 3.914684
PGK 4.938807
PHP 68.853362
PKR 328.919325
PLN 4.23787
PYG 8003.583833
QAR 4.242039
RON 5.08815
RSD 117.38526
RUB 89.084365
RWF 1693.31939
SAR 4.367717
SBD 9.578362
SCR 16.246878
SDG 699.998259
SEK 10.94081
SGD 1.510321
SHP 0.873115
SLE 27.58248
SLL 24403.279831
SOS 663.904724
SRD 44.989458
STD 24087.301428
STN 24.474264
SVC 10.183292
SYP 12867.40098
SZL 19.756225
THB 37.123534
TJS 10.677872
TMT 4.084767
TND 3.418505
TOP 2.802034
TRY 49.539023
TTD 7.884743
TWD 36.277034
TZS 2851.190884
UAH 49.062908
UGX 4117.670065
USD 1.163751
UYU 45.462194
UZS 13954.326331
VES 299.789534
VND 30676.48315
VUV 141.795037
WST 3.245248
XAF 655.270765
XAG 0.020015
XAU 0.000278
XCD 3.145096
XCG 2.097494
XDR 0.81481
XOF 655.267953
XPF 119.331742
YER 277.613186
ZAR 19.828029
ZMK 10475.158382
ZMW 26.912815
ZWL 374.72743
  • RBGPF

    0.8500

    79.2

    +1.07%

  • CMSC

    -0.2100

    23.22

    -0.9%

  • RYCEF

    0.3100

    14.8

    +2.09%

  • CMSD

    -0.0800

    23.17

    -0.35%

  • SCS

    -0.0200

    16.12

    -0.12%

  • BCC

    -1.2400

    71.81

    -1.73%

  • NGG

    -0.0800

    75.33

    -0.11%

  • JRI

    -0.0700

    13.72

    -0.51%

  • RELX

    -0.8400

    39.48

    -2.13%

  • RIO

    -0.0400

    73.02

    -0.05%

  • VOD

    0.0300

    12.5

    +0.24%

  • GSK

    0.0600

    48.47

    +0.12%

  • BTI

    0.4000

    57.41

    +0.7%

  • BCE

    -0.2100

    23.34

    -0.9%

  • BP

    -0.0500

    35.78

    -0.14%

  • AZN

    1.1000

    91.28

    +1.21%

Ukraine eyes Romanian port for key farm exports
Ukraine eyes Romanian port for key farm exports

Ukraine eyes Romanian port for key farm exports

Faced with a Russian blockade of its own ports, Ukraine is seeking to export the farm goods that many countries depend on via the Romanian Black Sea port of Constanta.

Text size:

The solution is crucial both to Ukraine's economy and to entire populations that rely heavily on its wheat and sunflower oil.

Bucharest has confirmed that discussions are underway with Kyiv, pointing out that Constanta already handles some imports to Ukraine and exports from it.

Before the war, Ukraine accounted for 12 percent of global wheat exports, 15 percent of maize and 50 percent of world sunflower oil.

"We and our partners are looking for alternative logistical routes to export our goods via European ports, including Constanta," Ukrainian Agricultre Minister Mykola Solsky said recently.

- Ukraine ports blockaded -

The presence of Russian battleships and mines in Ukrainian waters renders commercial shipping there nearly impossible.

Since the start of the war, Russian forces have been blocking access to the southeastern Ukrainian ports of Berdiansk and Mariupol on the Sea of Azov, which opens into the Black Sea.

In the southwest, the crucial Black Sea port of Odessa lies perilously close to the frontline at Mykolaiv.

Odessa handles 90 million tonnes of shipments a year -- 60 percent of the country's total port traffic -- and is in the Krelmin's sights.

The Marine Traffic website, which tracks the position of all seagoing vessels, clearly shows the de facto blockade of these waters.

Commercial ships have been absent from the zone since missile attacks on vessels sent their insurance premiums rocketing.

According to the agriculture ministry, Ukraine is currently losing $1.5 billion (1.4 billion euros) a month because of the stranglehold on port exports.

Meanwhile countries that depend on Ukrainian farm exports, particularly on the southern coasts of the Mediterranean, are seeing a food crisis start to develop.

Kyiv says it has sufficient stocks to meet Ukraine's own food needs for the next two years. But it is equally keen to ensure exports continue as normal.

"Ukraine wants to show it is defending its export markets as well as its territory and is conscious of its importance as a supplier of both foodstuffs and industrial goods," said Paul Tourret, head of France's Isemar Institute, which specialises in the maritime economy.

- Alternative options -

Kyiv is seeking to increase grain exports to Poland, Romanian and Slovakia by rail and, to a lesser extent, by lorry.

The Romanian and Ukrainian rail companies are discussing ways of cooperating, the Bucharest government said.

The goal is to export 600,000 tonnes per month, which nonetheless remains "marginal" compared to the export capacity of Ukraine's sea ports, said Agritel analyst Gautier Le Molgat.

Tourret said Constanta represents the best option. Romania is a member of NATO, meaning its waters are protected. And as the EU's second largest wheat exporter after France, it has the necessary infrastructure.

Constanta is the largest port on the Black Sea. It handled more than 67 million tonnes of exports in 2021, including more than 25 million tonnes of grains. It has a total capacity of 100 million tonnes.

The port is in a position to accept Ukrainian stocks because by this time of year, Romanian grain shipments have already left for their destinations.

However, if the blockade of Ukraine's own ports were to last until the forthcoming harvests, Constanta's storage capacity could be stretched to the limit.

"Romania also has something to gain from this ... a moral benefit," Romanian Defence Minister Vasile Dincu said recently.

The speaker of the Romanian parliament and the transport ministry announced earlier this week that new investments were planned for Constanta port.

- Getting to Constanta -

The crucial element is getting merchandise out of Ukraine and into Constanta.

There are several potential routes, Tourret said.

The most dangerous option is to transport goods by lorry from Odessa, along the Black Sea coast as far as the Danube river port of Galati and then by boat to the canal which links the river to Constanta. That takes one or two days.

A second possibility is to transport goods via Moldova, avoiding the border region of Transdniestr, which seceded in 1990 and hosts a Russian military base.

Avoiding this region under de facto Russian control can involve a detour of several hundred kilometres, depending on the starting point.

The third choice is the longest but currently the least hazardous. It entails crossing Ukraine's western border, the area least affected by the war, straight into northern Romania.

This route is currently used, in the other direction, to supply Ukraine with essential goods.

(Y.Berger--BBZ)