Sunflower oil has become one of the main positions in the export of agricultural products from the Russian Federation to Singapore in 2020

Published 2021년 7월 12일

Tridge summary

The Federal Center 'Agroexport' of Russia's Ministry of Agriculture forecasts agricultural exports to Singapore to reach $100 million by 2030, with potential categories including fish, crustaceans, pork, poultry meat, chocolate and flour confectionery. Despite only accounting for less than 0.1% of Russia's agricultural exports in 2020, the value of which was $4.3 million from 2.7 thousand tons of products, the country sees growth potential. This is despite a decrease in exports to Singapore in value terms by 18.1% in 2020, largely due to a drop in supplies of cigars, chocolate confectionery and tea, but with increases in sunflower oil, coffee extracts and vodka.

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

Original content

The Federal Center "Agroexport" under the Ministry of Agriculture of the Russian Federation estimates the potential for exporting agricultural products from Russia to Singapore at $ 100 million by 2030. This was announced by the head of "Agroexport" Dmitry Krasnov at the online business mission of Russian exporters of agricultural products to Singapore. "We estimate the potential for increasing Russian exports of agricultural products to Singapore by 2030 at more than $ 100 million. First of all, it can be realized through the supply of fish and crustaceans, pork, poultry meat, chocolate confectionery, flour confectionery", - he said. According to him, a significant part of the listed items is not now imported into Singapore from Russia. As noted in the materials of "Agroexport", in 2020, 2.7 thousand tons of products worth $ 4.3 million were imported from Russia to Singapore. Singapore accounted for less than 0.1% of exports of Russian agricultural products. The main commodity ...

Source: Oilworld