A grain stock exchange in Romania, after 65 years
September 20 2013
Romania will have again, starting 2014, a cereal stock exchange, which will be based in Corabia, Olt County.
The project is included in the Regional Operational Program and is running in a partnership with the Romanian Commodities Exchange (BRM).
Trading will be most likely made through forward contracts (it means that the shipping date is prior agreed, as well as the payment due date).
The stock will have a regional cover, the main target being South Muntenia. BRM has also contacted the commodities stocks based in Sofia, Budapest and Vienna regarding common investment projects along Danube.
There were built several grain silos on the Danube shore in recent years and there are several requests to build some in the Corabia port area as well, which would facilitate transport of goods.
Although there have been many attempts to establish a grain stock exchange either in Constanta, Braila or Galati, this project is the only one that will be eventually finalized.
The project is included in the Regional Operational Program and is running in a partnership with the Romanian Commodities Exchange (BRM).
Trading will be most likely made through forward contracts (it means that the shipping date is prior agreed, as well as the payment due date).
The stock will have a regional cover, the main target being South Muntenia. BRM has also contacted the commodities stocks based in Sofia, Budapest and Vienna regarding common investment projects along Danube.
There were built several grain silos on the Danube shore in recent years and there are several requests to build some in the Corabia port area as well, which would facilitate transport of goods.
Although there have been many attempts to establish a grain stock exchange either in Constanta, Braila or Galati, this project is the only one that will be eventually finalized.
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