Grain supplies from Russia to Belarus increased by 48 percent

Published 2024년 10월 7일

Tridge summary

In 2023, Russia's grain exports to Belarus increased by 48 percent, making up a significant portion of Belarus' grain supply due to its declining domestic production. Belarus relies on Russia for grain, feed, and other agricultural needs, while exporting meat, dairy, and other products to Russia, especially to the Russian market. The Union State of Russia and Belarus is strengthening its agricultural cooperation, including infrastructure development, technological advancements, and joint ventures for grain processing. This collaboration is crucial amidst global wheat trade challenges, with Russia being the largest wheat exporter and Belarus the main meat supplier to Russia. Experts recommend creating a grain exchange, potentially expanding to BRICS countries, to simplify trade operations and improve grain trade efficiency.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Federal Customs Service, grain supplies from Russia to Belarus increased by 48 percent in 2023, Elena Zhiryaeva, Doctor of Economics, Professor of the Department of Economics at the Russian Presidential Academy of National Economy and Public Administration in St. Petersburg, told SOYUZ. "Traditionally, Belarus met its grain needs on its own. But statistics in recent years have shown that grain imports exceed exports. A considerable portion of grain in Belarus is used for feed, grain is also purchased for the insurance fund, for the brewing industry, and for alcohol production. At the same time, food products are the basis of Belarusian exports, and Russia is the largest export market. The Belarusian agricultural economy is focused on meat and dairy farming and the export of products from this industry. In particular, at least 62 percent of dairy products are exported, 85 percent of which are supplied to Russia. In addition, Belarusian companies export vegetables, ...
Source: Agrovesti

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