Russian agricultural exports to Latvia grew by 64% in Q1

In the first three months of 2021, Russia exported agricultural products worth $ 197 million to Latvia, which is 64% more than the same period last year. In physical terms, supplies increased by 40% to 751 thousand tons. Thanks to such significant dynamics, Latvia has entered the top 10 buyers of Russian food products this year. Thus, according to the results of the first quarter, Latvia took 7th place among buyers of wheat and 4th among importers of corn from Russia. During this period, 298 thousand tons of grain worth $ 72 million were shipped to the Baltic state, corn - 96 thousand tons for $ 22 million.In the first quarter of last year, supplies of wheat and corn amounted to only 6.3 thousand tons and 6 thousand tons respectively. In 2020, meal and cake, which occupied the 1st place in the structure of Russian agricultural exports to Latvia, at the beginning of 2021 dropped to 2nd place with a volume of 168 thousand tons (-10%) in the amount of 42 million dollars (+ 28% ). The ...