Table II.
Replacement Costs
| Item | Value | Reference/Calculation |
|---|---|---|
| Replacement costs maize at harbor in the Black Sea region (€/ton) | 160 |
Predicted average for 2019: Low: $178, high: $189.50 (CME Group, 2019) 1 USD = 0.86 EUR (rate March 07, 2018) |
| Transport costs from Black Sea ports to the Netherlands (€/ton) | 20 |
Average: $24/ton in 2017 (Medstone, 2017) 1 USD = 0.86 EUR (rate March 07, 2018) |
| Replacement costs maize at harbor in country of destination (€/ton) | 180 | 160 + 20 |
| Transport costs by barge (€/ton) | 10 |
€5/ton transport costs (Bureau voorlichting binnenvaart, 2006) €5/ton transshipment costs (assumption) |
| Replacement costs maize arriving at processing plant (€/ton) | 190 | 180 + 10 |
| CP1: Replacement costs 1 batch of 1,000t (silo) (€) | 160,000 | 1,000 × 160 |
| CP2: Replacement costs 1 batch of 10,000t (ship compartment) (€) | 1,800,000 | 10,000 × 180 |
| CP3: Replacement costs 1 batch of 10,000t (five 2,000t barges) (€) | 1,900,000 | 10,000 × 190 |
| CP4: Replacement costs 1 batch of 2,000t (barge) (€) | 380,000 | 2,000 × 190 |