Russia. Port capacities for grain handling to increase by 75% before 2024

14.02.2019

In the next six years, Russia plans to increase capacities of ports for grain and oilseeds turnover by 75% to 78 MMT. The Ministry of Agriculture is looking for a possibility of providing state support to projects for construction and modernization of port terminals, including the program of preferential loans at 5% per year, reports UkrAgroConsult.

Russian Government developed a comprehensive plan for modernization and expansion of the infrastructure for the period up to 2024, according to which it is planned to build new ports and create additional port facilities, including those for handling bulk and liquid cargoes.

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Grain" by UkrAgroConsult.

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