The Black Sea region has picked up the pace when it comes to exports of grain.
The following is portion of an article from Ag Web:
by Ed Clark, Top Producer Business and Issues Editor
Much has been made of Ukraine’s emergence as a new kid on the grain exporting block, but it’s not the only Black Sea powerhouse. Russian grain exports are also up sharply, with wheat, barley and corn exports nearly doubling from just over 15 million metric tons (MMT) in the 2012/13 marketing year to nearly 30 MMT forecast for 2014/15.
“Russia’s investment in deep water port capacity and improvement in logistics management are boosting its ability to ship larger quantities of grain,” says USDA’s Foreign Agriculture Service (FAS) in its latest Grain: World Markets and Trade.
Modernization of grain loading equipment, storage and rail transportation “have eased bottlenecks that caused shipping delays in the past,” FAS says. Still, weather can cause unpredictable delays across distribution channels.
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Source: Ag Web
Posted by Haylie Shipp