# VTB Tightens Grip On Black Sea Grain Export Hub

> Russian state-controlled VTB bank agreed to buy 100 percent of the Novorossiysk Grain Terminal from NSCP, a Transneft-controlled entity, giving it a second terminal stake at Russia's main deep-sea grain hub. VTB's CEO said NSCP will no longer handle grain. Traders saw the move as a sign of growing state involvement and speculated Russia could limit exports later in the 2018/19 season.

- Date: 2019-02-14 · published 2019-02-14T12:00:00.000Z
- Category: policy · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/60444-vtb-tightens-grip-on-black-sea-grain-export-hub
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Greater state control over Novorossiysk terminals could tighten Russian export flows and support Black Sea wheat export prices if government restricts shipments. Buyers should watch for export quota or limit signals.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-05-22 | [Black Sea countries tighten grain supply grip \| 2020-05-22  \| World Grain](https://feedsoft.ai/events/52978-black-sea-countries-tighten-grain-supply-grip-2020-05-22-world-grain.md) | +1.6% | -1.1% |
| WHEAT | 2020-04-27 | [Are Black Sea grain exporters turning to ‘food nationalism’? \| 2020-04-27  \| World Grain](https://feedsoft.ai/events/53495-are-black-sea-grain-exporters-turning-to-food-nationalism-2020-04-27-world-grain.md) | -0.5% | +0.4% |
| WHEAT | 2024-10-31 | [Russia’s tacit grain export curbs cause market confusion](https://feedsoft.ai/events/27901-russia-s-tacit-grain-export-curbs-cause-market-confusion.md) | +0.0% | -1.9% |
| WHEAT | 2025-06-18 | [Grain Journal \| Russian Seaborne Grain Exports Plunge in May](https://feedsoft.ai/events/14196-grain-journal-russian-seaborne-grain-exports-plunge-in-may.md) | -2.0% | -4.7% |
| WHEAT | 2020-08-31 | [Grain export 2020/21: downward trend in all grains — Latifundist.com](https://feedsoft.ai/events/51466-grain-export-2020-21-downward-trend-in-all-grains-latifundist-com.md) | -2.6% | +6.6% |
| KWHEAT | 2020-04-27 | [Are Black Sea grain exporters turning to ‘food nationalism’? \| 2020-04-27  \| World Grain](https://feedsoft.ai/events/53495-are-black-sea-grain-exporters-turning-to-food-nationalism-2020-04-27-world-grain.md) | +1.5% | -6.4% |
| KWHEAT | 2024-10-31 | [Russia’s tacit grain export curbs cause market confusion](https://feedsoft.ai/events/27901-russia-s-tacit-grain-export-curbs-cause-market-confusion.md) | -0.3% | -8.6% |
| KWHEAT | 2021-12-30 | [Black Sea wheat prices on uptrend in 2022, mixed outlook for Russian exports 30.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/14525-black-sea-wheat-prices-on-uptrend-in-2022-mixed-outlook-for-russian-exports-30.md) | -4.5% | -3.8% |

## Sources

- marinelink.com: https://www.marinelink.com/news/vtb-tightens-grip-black-sea-grain-export-462899

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.