GRAIN

Ukraine exported 10.5 million tons of grain through the Romanian Black Sea port of Constanta in the first nine months of the year, the port authority told Reuters on Tuesday. Overall, the port shipped over 25 million tons of grain between January and September 2023, the authority said, matching its previous annual record high. During his visit to Bucharest last week, President Volodymyr Zelenskyy said a ‘corridor’ would be soon be established to take Ukrainian grain to Romania via Moldova. The Romanian government has said that, with investment in infrastructure ongoing, it aims to double the monthly transit capacity for Ukrainian grain to 4 million tons, while port operators are also investing in equipment to increase loading speeds. Ukraine’s grain production in 2023 is likely to exceed 56 million tons, but Russia’s blocking its main Black Sea ports has affected deliveries.