Russia: Dmitry Patrushev - on the impact of the pandemic on the food market, sugar prices and the prospects for the return of parmesan

Published 2021년 5월 31일

Tridge summary

The Ministry of Agriculture in Russia is planning to create a state intervention fund to purchase and store 500,000 tons of sugar in the fall to stabilize the market price. The government has been proposed this plan by Agriculture Minister Dmitry Patrushev. The ministry is also planning to increase the sowing of sugar beets and expects to harvest 40-44 million tons of beets this season. The ministry also intends to propose creating grain reserves in the intervention fund, increasing the current reserves of just over 100 thousand tons to about 3 million tons.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Ministry of Agriculture is ready to create a state intervention fund for sugar in the volume of 500 thousand tons. Purchases for it should be carried out in the fall, and sold if necessary, if it is necessary to equalize the price on the market. The department has already sent this proposal to the government for elaboration. Agriculture Minister Dmitry Patrushev said this in an interview with Izvestia. He also spoke about whether additional assistance will be allocated to the agricultural sectors and how many years it will take for Russia to meet the domestic demand for quality wine at the expense of domestic products. - The pandemic is not abating in the world. What prospects for the development of the world food market and our domestic do you see in this situation? - The pandemic has had a serious impact on the global market. The main reaction has been a sharp increase in food demand. In my opinion, this is quite reasonable and understandable. For each state, issues of its ...
Source: Oilworld

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