Tridge summary
Russian agricultural exports are projected to surpass last year's record of $30.7 billion, with an expected growth of five percent in 2021, reaching $37 billion by 2024. The export of high-value products like meat, sausages, confectionery, and fish fillets is expected to contribute to this growth. The oil and fat industry, especially vegetable oils, is experiencing the best export dynamics. Meat and dairy products are also expected to see significant growth. However, grain exports have only grown by 13 percent due to high base effects and export duties. The Rostov region plans to increase the export of processed agricultural products like flour, starches, bran, amino acids, and syrups. The Urals region is starting to export chicken offal and other pork by-products to China and Vietnam, finding new markets for previously unclaimed products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to the Federal Center for the Development of Agricultural Products Export, this is 19 percent higher than last year. And this is at a comparable exchange rate. According to forecasts of the Center for Industry Expertise of the Russian Agricultural Bank, in 2021 Russian manufacturers will be able to at least repeat the record of the previous year, when products worth $ 30.7 billion were sent abroad. And perhaps supplies will grow by five percent. By 2024, Russian agricultural exports could reach $ 37 billion. "The dynamics are still highly dependent on the conjuncture of raw materials markets and may be volatile. The stabilization of supplies will be associated with a shift from the export of basic products, such as grain, oilseeds, sugar, unprocessed fish, to the export of products with high added value - meat and sausages, confectionery. , fish fillets ", - Andrey Dalnov, head of the Center for Industry Expertise of the Russian Agricultural Bank, told Rossiyskaya ...
Source: Zol
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