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20.03.2017 Baltic Cargo to route all grain exports via Klaipeda

Danish-owned Baltic Agro plans to route all grain purchased fromLithuanian farmers, around 500,000 tons, via Klaipeda starting with this year'sseason, LETA/BNS reported according to the daily Lietuvos Zinios.

Baltic Agro CEO Arunas Bielskis says that the company has chosena 60,000-cubic-meter storage complex that is currently being built by Bega asthe main export point. Bega'sinvestments in this stage of development amount to 8 mln euros, with 25 mlneuros to be invested by the stevedoring company in the expansion of itsagricultural and cement terminals over a period of three years.

According to figures from Statistics Lithuania, thecountry's grain production totaled 5.7 mln tons in 2016.

The port of Klaipeda last year handled a total of 3.56mln tons of various agricultural products, including 2.82 mln tons of exportgrain. Half of the amount was exported through Klaipedos Juru Kroviniu Kompanija (Klaipeda Stevedoring Company, or Klasco), which last year invested 10mln euros in expanding its grain complex, and one-third via Bega's terminal.

A total of 5 companies handle grain shipments in theKlaipeda port. All of them are building new warehouses, another after another,with their investments linked to one or several key customers. However, around0.5 mln tons of grain purchased in the northern part of Lithuania are exportedvia Latvian ports.

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