👀 Copy Legendary Investors' Portfolios in One ClickCopy For Free

Latvia could begin Ukrainian grain exports in autumn -Latvian Railways

Published 15/08/2023, 13:33
© Reuters. Bulk carrier Savita Naree is moored in Riga port, Latvia August 14, 2020. REUTERS/Ints Kalnins/File Photo
LWBc1
-
ZS
-
ZW
-
ZC
-
ZM
-
BADI
-

VILNIUS (Reuters) - EU member Latvia could begin exporting Ukrainian grain through its ports this autumn, with volumes possibly reaching a million metric tonnes per year, the chairman of Latvian Railways' board said in Tuesday.

"Right now, an opportunity has appeared for Ukrainian grain transportation," Rinalds Plavnieks told Latvia's public broadcaster.

The grain would need to be shipped through Poland, which uses a different rail gauge to Latvia and Ukraine, necessitating two changes, which adds to costs.

"We see that around 500,000 to a million tons a year could be transported via this transit corridor," Plavnieks added.

© Reuters. Bulk carrier Savita Naree is moored in Riga port, Latvia August 14, 2020. REUTERS/Ints Kalnins/File Photo

Moscow has withdrawn from a deal to allow Black Sea exports of grain from Ukraine, one of the world's top exporters, and has been attacking its agricultural and port infrastructure.

Last month Lithuania asked the European Commission to develop a route for Ukrainian grain through five ports in the Baltic states of Estonia, Latvia and Lithuania, according to a letter seen by Reuters. The five ports have a combined annual grain export capacity of 25 million tons, the letter said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.