Export of agricultural products grew by 18% in Russia

Published 2021년 7월 15일

Tridge summary

Russia's agricultural exports have seen a significant increase in the first seven months of 2021, reaching a value of nearly $15.6 billion, which is an 18% increase compared to the same period in 2020. The Ministry of Agriculture anticipates that total exports for the year will reach around $30 billion, surpassing the $30.7 billion recorded in 2020. Key product categories, such as grain, fat and oil products, meat and dairy, fish and seafood, and food and processing industry products, have all experienced increases in export volumes. The main markets for these exports include China, the EU, Turkey, South Korea, Kazakhstan, and Vietnam. There has been a notable growth in exports to Vietnam, with Russia becoming the largest supplier of meat products to the country in the first half of 2021. The government is planning to streamline the export process to better cater to the rising demand for Russian agricultural products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Agroexport center subordinate to the Ministry of Agriculture, the export of agricultural products from Russia by July 11 amounted to almost $ 15.6 billion, which is 18% higher than in the same period of 2020. In general, by the end of 2021, the Ministry of Agriculture expects that the supply of agricultural products to foreign markets will amount to about $ 30 billion.Last year, exports reached $ 30.7 billion. According to Agroexport, grain supplies increased by 20% to $ 4.4 billion, fat and oil products - by 39% to $ 3.6 billion, meat and dairy products - by 25% to $ 703 million. the export of fish and seafood was increased to $ 2.6 billion, the supply of food and processing industry products was increased by 5%, the volume of which amounted to $ 2.1 billion. The main importers are China and the EU with a share of 12.3% each, Turkey (11.6%), South Korea (7.5%), Kazakhstan (6.2%), Egypt (5%), Belarus (4.2 %), Ukraine (2.7%), Uzbekistan (2.2%) and Azerbaijan ...
Source: AgroInvestor

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