United Grain said the terminal would have capacity up to 12.5 million tonnes per year. A grain storage facility with capacity up to 300,000 tonnes of one-time storage also would be built on the site, the company said.
RIF, which is a leader among Russia’s grain exporters, may invest 8 billion rubles into the project, United Grain said.
RIF currently uses two southern ports for its shipments: the deep sea port of Novorossiysk and Kavkaz.
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KANSAS CITY, MISSOURI, US — It was a bumpy ride for the global grain industry in 2024.
An already unstable geopolitical situation worsened with military conflicts expanding in Ukraine and the Middle East. Transporting grain efficiently was a challenge, in part because of those wars. And several of the world’s largest agribusiness companies saw profits tumble in a suboptimal economic climate for global agriculture.
The establishment in both Europe and the United States saw a conservative backlash against their liberal policies, leading to political unrest in countries such as France and the return of Donald Trump to the US presidency after a four-year absence. The result will likely be a continued trend toward protectionist policies that will impact the global grain trade in the coming years as well a reduced emphasis on “green” environmental policies that had become prevalent during the past four years.
The following are World Grain’s top 10 stories for 2024.
KANSAS CITY, MISSOURI, US — These are the 12 nations at which World Grain took an in-depth look through its monthly Country Focus series in 2024. Revisit the locations and the perspective they provide on global grain, flour and feed issues: