Hungary to ramp up transshipment capacity for Ukrainian grain exports

Ukraine Crisis

Photo by Korobka Dmytro / Shutterstock.com

Hungary could ramp up the daily transshipment capacity of Ukrainian grain from 4,000 tonnes to 8,000-10,000 tonnes by accessing more rolling stock and using container trucks, Agriculture Minister István Nagy said on public television on Friday.

Speaking a day after talks with his Ukrainian counterpart, Mykola Solskyi, in Lviv, Nagy said on news channel M1 that logistics infrastructure on both sides of the border need to be upgraded, adding that Hungary would turn to the European Union for support to expand transshipment capacity.

With Black Sea ports blocked, through which 90pc of Ukraine's grain exports normally pass, some 22 million tonnes of grain is stuck in storage in Ukraine, leaving farmers little room to put this year's harvest and creating a disincentive for planting next year's crop, he said. He noted that Ukraine grows 9% of the world's grain and warned that the situation could cause a global food crisis.

Nagy said decisions on priorities regarding transshipment capacity must be taken, too. Grain is on the agenda now, but other goods also need to reach Europe, such as artificial fertilizer, commodities, and feedstock, he added.

At his talks in Lviv, Nagy said the sides looked for operative solutions to expand logistics capacity on the border through joint planning and coordination. In addition to short-term measures, steps for the long term must also be taken as Ukraine develops closer economic ties with the European Union, he added.

ADVERTISEMENT

Sharp Rise in Energy Costs Putting Strain on Competitiveness Analysis

Sharp Rise in Energy Costs Putting Strain on Competitiveness

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim... City

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.