“These regions are usually the choice of traders and agribusiness companies because of their strategic position, which allows them easy access to maritime transport corridors,” says Andrei Stan, partner with financial audit and consultancy firm Moore Stephens KSC.
Constanta is the most important county of Romania by grain storage capacity, and its proximity to the Black Sea is the reason why traders invested in storage facilities there.
The biggest silo owner in Constanta County is Swiss-held agricultural commodity trader Ameropa, which has 360,000 tons of storage capacity there.
“One thing to note is that the Constanta Harbor is becoming the biggest grain transport node in Europe on a global $4.2 billion wheat market,” Andrei Stan added.
The Constanta Harbor can store 1.25 million tons of grain, which is 50% of the capacity of the entire county and 7% of the capacity of the country.
(English version by Loredana Fratila-Cristescu)