Volga Baikal AGRO NEWS Update on the Russian Agricultural Export !!!
The most promising Russian products for export are named.
In the nearest future, the grain will remain the main export product of the Russian agro-industrial complex, despite the imposed restrictions in the form of quotas and duties. But it is possible to increase food export due to processed products: instead of sunflower – oil, instead of fish – canned fish, etc.
Recall that at the SPIEF, Minister of Agriculture Dmitry Patrushev said that the plan for the export of agricultural products by 2030 will be increased from 45 to 47 billion dollars, already taking into account the existing restrictions on the export of certain products (grain, oilseeds, cereals). According to him, in the outgoing season about 48 million tons of grain will be supplied to foreign markets, of which about 37 million tons of wheat. Thus, Russia will retain its leading position in the world grain market.
According to Deputy Minister of Agriculture Sergei Levin, over the past six years, the export of agricultural products has almost doubled – by more than $ 14 billion. Last year, despite the pandemic, Russian food exports reached a record $ 30.5 billion, exceeding imports for the first time. To develop the agro-industrial complex, it is necessary to increase exports, expand channels and sales volumes. According to Levin, this will allow attracting additional investments, strengthening the food security of the country and at the same time increasing the availability of food in the domestic market.
According to Rosselkhozbank forecasts:
In the new agricultural season, Russia’s share in the world market of fat and oil crops will be 26%, and in the wheat market – 11%.