Transshipment of Ukrainian grain thru Hungary jumps
Photo by Show all / Shutterstock.com
The transshipment volume of Ukrainian grain through Hungary jumped in April as traders sought alternatives to Black Sea delivery routes, Rail Cargo Logistics-Hungaria said last week, according to piacesprofit.hu.
The rail logistics firm managed the transshipment of 41,000 tonnes of grain from Ukraine in the first quarter and expects to handle a further 85,000 tonnes by the end of June.
That volume could climb further, but is restrained by local trans-loading capacity and the number of available hopper cars. Rail Cargo Hungaria has 700 of its own hopper cars, and its parent company, Rail Cargo Group, has a further 1,500, enough to transport around one million tonnes of grain a year, covering the exports of local farmers.
The company said that demand for transshipment volume from Ukraine could reach an annual five million tonnes, but the trans-loading capacity is only 1,000 tonnes a day.
Rail Cargo Hungaria is working with its parent company to meet the increased demand, but that will require business partners to use cars suitable for grain transport but not custom-made for the purpose, it added.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
