Feed the world: Russia on path to become leading grain exporter


November 15 , 2017 – Fort Russ News – 
KtovKurse – translated by Inessa Sinchougova

Russia has exported almost a quarter more wheat than in the same period last year – an increase of 23%. Overall it is second to the United States, but has every chance of becoming the world leader in grain exports. 

By the end of the year, it is planned to harvest 130 million tons of grain, of which 45 million tons will be exported. There there is an increased demand for wheat in Europe, Turkey and the Middle East.

In addition, Russia is actively developing the markets of South-East Asia, among which Vietnam, Indonesia and South Korea are the most profitable for the country.

At the same time, it is noted that it is not only wheat but also other crops – barley – which are successful in foreign markets (2.52 million tons were exported on November 1, almost twice as much as the corresponding date of the previous year) and corn (1 , 23 million tons – an increase of 19.5%).

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A spokesman for the Ministry of Agriculture said that in October, a special operational headquarters was set up at the department, which deals with grain supply abroad, and also discusses measures to regulate prices on the domestic market.

Russia has every chance to become the leading agrarian power due to a record grain harvest and the development of the agro-industrial complex.

According to the head of the Ministry of Agriculture, it is necessary to double the agro-industrial share in GDP. Today the share is 4% of Russia’s GDP.

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