Russia: Grain exports from the Rostov region reached 6.3 billion US dollars

Published 2023년 12월 25일

Tridge summary

The Rostov region in Russia is expanding its agricultural exports to new markets in Mexico and Indonesia, with a 27.7% increase in exports totaling 8.6 billion US dollars. Grain exports have increased by 36.6% and new markets for grains include African countries, Indonesia, and Mexico. The Ministry of Agriculture and Food of the Rostov Region is implementing projects to support and develop agricultural exports, with state support continuing for the commissioning of reclaimed land areas.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

New markets for Rostov grain are Mexico and Indonesia. According to preliminary data from the Federal Customs Service, the volume of agricultural exports from the Rostov region reached 29.3 million tons for a total amount of 8.6 billion US dollars. This represents an increase of 27.7% compared to the previous year 2022. The results and details of the agro-export direction were discussed at a joint meeting of the Public Council and the Board of the Ministry of Agriculture and Food of the Rostov Region, noting the progress in the implementation of the regional project “Export of Agro-Industrial Products”, which is part of the national project “International Cooperation and Export”. “Despite the sanctions imposed against Russia, difficulties with conducting international payments and other restrictions, the export of agricultural products this year in terms of main items significantly exceeds last year’s. Thus, grain exports in physical terms amounted to 24.8 million tons worth 6.3 ...
Source: Agroxxi

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