Russian potato exports were doubled

Published 2023년 11월 7일

Tridge summary

Potato exports from Russia have doubled in the first eight months of this year compared to the same period last year, reaching approximately 80 thousand tons. The increase in exports is attributed to the high yield in Russia and low prices for domestic potatoes, making imports less competitive. The high harvest and low prices may further incentivize the export of potatoes and processed potato products, with several large projects in the recycling sector expected to double the volume of potato processing in the near future.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

High yields and low prices may be an additional incentive to increase supplies abroad Potato exports in the first eight months of this year doubled compared to the same period last year and amounted to approximately 80 thousand tons, said Alexey Krasilnikov, executive director of the Potato Union. Also, according to him, during the reporting period, potato imports to Russia amounted to 356 thousand tons, although the average annual import volume for 2021-2022 was at the level of 500 thousand tons. According to Krasilnikov, the decrease in imports is due to the high harvest in Russia and, consequently, low prices for domestic potatoes. As a result, rather expensive imports were less competitive. “In general, potato harvesting is completed. According to operational data from the Ministry of Agriculture, we have set another record - about 8 million tons (in the organized sector),” says Krasilnikov. Moreover, he points out, the record was achieved not due to an increase in area - they ...
Source: Specagro

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