August 3 (SeeNews) - Montenegrin port operator Luka Bar [MNG:LUBA] said it signed a contract for the export of cereals with Serbian company Agroglobe.
The contract envisages the reopening of the cereals silo of Bar port, which has not been used for years, Luka Bar said in a statement on Thursday.
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Under the deal, 30,000 tonnes of cereals will be stored in the silo located in Bar's Free Trade Zone, the port operator said.
The contract is the result of the constant efforts of the Luka Bar management to diversify cargo traffic and sources of income of the harbour, the company added.
The cereals terminal of Bar port covers an area of 2.1 hectares and has a storage capacity of 60,000 tonnes.