date:Jul 29, 2014
dvantages brought about by the relatively close proximity of many of those markets to Black Sea export facilities.
For instance, Egypt's top grain importing port of Damietta is located less than 1,200 nautical miles from the Ukrainian port of Odessa. That compares to being located more than 10,500 nautical miles from the top U.S. wheat-handling port of Portland, Oregon, and 6,700 miles from New Orleans.
The shorter distances involved contribute to sharply lower freight costs for importers, and