# IFC loan to support new grain terminal at Black Sea port | World-grain.com | April 06, 2017 13:39 | World Grain

> The International Finance Corporation is lending $37 million to MV Cargo to build a grain terminal at the Black Sea port of Yuzhny. The terminal can handle up to 5 million tonnes of grain a year and is planned to open in spring 2018. Total project cost is about $150 million.

- Date: 2017-04-06 · published 2017-04-06T12:00:00.000Z
- Category: logistics · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/71357-ifc-loan-to-support-new-grain-terminal-at-black-sea-port-world-grain-com-april
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The added port capacity could lower logistics costs and lift Ukrainian grain exports over time. The effect on prices is long term and small in the near term.

## Read by commodity

- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-05-01 | [Grain trades drive Black Sea ports ‣ WorldCargo News](https://feedsoft.ai/events/70859-grain-trades-drive-black-sea-ports-worldcargo-news.md) | +2.3% | +1.5% |
| WHEAT | 2017-04-13 | [Decreased demand for grain transportation lowers shipping rates \| World-grain.com \| April 13, 2017 14:17 \| World Grain](https://feedsoft.ai/events/71400-decreased-demand-for-grain-transportation-lowers-shipping-rates-world-grain-com.md) | -1.5% | +1.7% |
| WHEAT | 2017-01-23 | [IFC to disburse money for building a terminal at Yuzhny sea port](https://feedsoft.ai/events/72854-ifc-to-disburse-money-for-building-a-terminal-at-yuzhny-sea-port.md) | -1.3% | +4.1% |
| WHEAT | 2016-12-13 | [Costs to ship grain by rail volatile \| World-grain.com \| December 13, 2016 14:49 \| World Grain](https://feedsoft.ai/events/73368-costs-to-ship-grain-by-rail-volatile-world-grain-com-december-13-2016-14-49.md) | -1.2% | +1.2% |
| WHEAT | 2018-06-04 | [Cargill launches a grain terminal in Ukraine - port.today](https://feedsoft.ai/events/64378-cargill-launches-a-grain-terminal-in-ukraine-port-today.md) | +0.2% | -1.4% |
| CORN | 2017-03-07 | [Louis Dreyfus Company opens new grain terminal \| World-grain.com \| March 07, 2017 13:42 \| World Grain](https://feedsoft.ai/events/71889-louis-dreyfus-company-opens-new-grain-terminal-world-grain-com-march-07-2017-13.md) | -2.2% | -0.2% |
| CORN | 2017-05-01 | [Grain trades drive Black Sea ports ‣ WorldCargo News](https://feedsoft.ai/events/70859-grain-trades-drive-black-sea-ports-worldcargo-news.md) | +1.1% | +4.2% |
| CORN | 2017-04-13 | [Decreased demand for grain transportation lowers shipping rates \| World-grain.com \| April 13, 2017 14:17 \| World Grain](https://feedsoft.ai/events/71400-decreased-demand-for-grain-transportation-lowers-shipping-rates-world-grain-com.md) | -2.1% | +0.9% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/7967-ifc-loan-to-support-new-grain-terminal-at-black-sea-port

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