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Russian Agricultural Exports Exceed $19 billion in 10 Months

Agro-Trader.com Agro-Trader.com31 октября 2019 г., 9:00

 This was stated by Deputy Minister of Agriculture Oksana Luth during the IV annual Agrarian Forum of Russia. According to the Deputy Minister, Russia is moving towards a decrease in the share of grain in the export structure in order to further focus on the supply of food with high added value.

“The total volume of food supplies for 10 months amounted to $19.3 billion, with non-grain exports increasing by 13% compared to the same period in 2018. Additional investments now allow us to boost performance and diversify supplies, opening up new markets”, Mrs. Luth noted.

In particular, poultry meat producers were able to export $74 million worth of products to China in four months. Russian exporters plan to strengthen their presence in the markets of Vietnam, Saudi Arabia and other eastern states.

One of the key export items are oil and fat products, the export volume of which will exceed $3.5 billion by the end of 2019. According to the results of 10 months of this year, the industry shows the highest growth rates.

Given the decline in prices, Russian sugar is becoming more competitive in the markets of the CIS countries. The Deputy Minister noted that the production of sugar in Russia in 2019 could amount to more than 7 million tons, which is 500 thousand tons higher than the forecast of the International Sugar Organization (ISO).

Oksana Luth also recalled that the Ministry of Agriculture provides comprehensive support to export-oriented enterprises. The agency approved agreements with 14 agricultural producers on improving competitiveness, and 15 companies are being selected. This mechanism assumes a total amount of financing of exporters in the amount of 50 billion rubles for 29 companies, and according to The Ministry rated positively the results of the first two months of applying for this type of support.

In addition, the state provides a subsidy for the railway transportation of agricultural products, the volume of which in 2019 amounted to 1.275 billion rubles. The Ministry of Agriculture has made proposals to increase this amount by the end of the year.

During the event, participants also discussed other export support tools, expressed their proposals for the development of new agricultural markets and shared their international trade experience.

Источник: mcx.ru
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