How the agroindustry will pull the country out of the coronavirus in Russia

Published 2021년 3월 5일

Tridge summary

Despite a global increase in hunger and undernourishment from 2015 to 2018, Russia's agricultural sector has shown stable growth, achieving the second largest grain harvest in its history in 2020. This growth is due to an agricultural development program that has stimulated investment in the industry. In 2020, Russia became a net exporter of agricultural products, supporting other countries during quarantines and experiencing financial success amid weak domestic demand. The sector has shown resilience and adaptability, with other sub-sectors also experiencing growth. Russia's agricultural industry is strengthening its position as a key support for the country's economy.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Even before the pandemic, international organizations recorded a deterioration in such basic indicators as the number of hungry and undernourished people from 784 million people in 2015 to 821 million people in 2018 and an increase in the share of these categories in the total population over the same period - from 10.6 to 10 ,8%. Among the main reasons for this dynamics are the slowdown in economic growth and economic recessions, the connection between the dependence on raw materials of a number of countries with food security and nutrition, and the imperfect agrarian policy. “Against this background, the situation in the Russian agro-industrial complex looks quite optimistic,” said Dmitry Orlov, Director General of the Agency for Political and Economic Communications. - Minister Dmitry Patrushev managed to bring it to a stable trajectory, and work in the agricultural sector is structured in such a way that, despite the crisis and pandemic, today the stable growth of agricultural ...

Source: Agrovesti