The Ministry of Agriculture plans to adjust export plans in Russia

Russia

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Published Mar 29, 2024

Tridge summary

The Russian Ministry of Agriculture is intensifying efforts to expand its agricultural exports, aiming to increase supply volumes by 1.5 times to $55.2 billion by 2030, in line with President Vladimir Putin's targets. This ambition was underscored by Dmitry Patrushev at a Rosselkhoznadzor meeting and supported by Dmitry Krasnov of Agroexport. To facilitate this growth, the ministry has allocated the first portion of an additional grain export quota and revised the federal project “Export of Agro-Industrial Products” to set a higher goal than the previous $45 billion target. This initiative is part of a broader strategy to enhance Russia's agricultural export values, which have already seen a significant rise, reaching at least $43.5 billion in the past year.

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Original content

The Russian Ministry of Agriculture is working to increase exports in line with goals recently set by President Vladimir Putin. As RIA Novosti reports, the head of the ministry Dmitry Patrushev spoke about this at the recent final board meeting of Rosselkhoznadzor. Let us recall that by 2030 we are talking about increasing supply volumes by one and a half times compared to 2021 levels, or up to $55.2 billion in monetary terms. The head of state announced these plans in a message to the Federal Assembly at the end of last month. At the beginning of this week, such intentions were confirmed by the head of the federal center for the development of exports of agricultural products (Agroexport, owned by the Ministry of Agriculture) Dmitry Krasnov. The Ministry of Agriculture has completed the distribution of the first part of the additional quota for grain exports Export volumes are specified in the federal project “Export of Agro-Industrial Products”. According to Patrushev, the ...

Source: Rosng