Agricultural products of deep processing in Russia will increase the export potential of the Far East

Published 2020년 10월 9일

Tridge summary

The Russian Agricultural Bank's Center for Industry Expertise believes that agricultural exports from the Far East Federal District of Russia could increase by a third over the next three years. Currently, 87% of exports are fish and crustaceans, with China and South Korea being the main importers. However, the bank suggests that there is potential for growth in the export of more processed and diversified agricultural products, including crop and livestock products. The Primorsky Territory, Sakhalin Region, Khabarovsk Territory, and the Amur Region are identified as having the most potential for growth. In the first eight months of 2020, agricultural exports from Russia to non-CIS countries increased by 14% year-on-year, reaching $14.7 billion, with the Far Eastern Federal District accounting for 17% of these exports.

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Original content

The regions of the Far East can significantly increase their export potential by increasing the supply of more marginal agricultural products of deep processing to foreign markets, predicts the Center for Industry Expertise of the Russian Agricultural Bank (CSE). According to the calculations of the CSP experts, the growth of agricultural exports from the Far Eastern Federal District may grow by a third in the next 3 years. “Currently, 87% of the exports of the Far Eastern Federal District are fish and crustaceans. Their processed products, in particular, fish fillets and crab meat, are in high demand both in the domestic and foreign markets. The prospects for export from the Far Eastern Federal District are associated with an increase in the depth of processing and an expansion of the range of supplies due to crop and livestock products, ”says Andrey Dalnov, head of the Center for Industry Expertise of the Russian Agricultural Bank. According to the CSP, the most popular export ...

Source: Fishnet.ru