News

The Ministry of Agriculture of the Russian Federation plans to increase rice production to 2 million tons and return to its export

Rice
Russia
Regulation & Compliances
Market & Price Trends
Published Feb 24, 2024

Tridge summary

The Russian Ministry of Agriculture aims to boost the country's rice harvest to 2 million tons within three years and restart its export, targeting the Asian market currently experiencing a rice shortage. Despite an increase in the rice harvest in 2023 to 1.066 million tons from 920.1 thousand tons in 2022, export restrictions were imposed due to an accident at the Fedorovsky retaining waterworks in the Krasnodar Territory, Russia's primary rice-producing region. The Ministry plans to enhance production through land reclamation and expanding acreage across various regions.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The Ministry of Agriculture of the Russian Federation expects that in three years the gross harvest of rice will increase to 2 million tons and its export will be resumed. First Deputy Minister of Agriculture Oksana Lut said this at the forum “Domestic selection at the junction of times: classical approaches and the latest trends” as part of the international exhibition and forum “Russia,” Interfax writes. “It is necessary to increase production within three years, because otherwise we will miss the opportunities of the Asian market, where there is not enough rice. Now Russia does not export rice because there is little of it, and the department does not like it,” Lut emphasized. According to Rosstat, the rice harvest in 2023 increased to 1.066 million tons from 920.1 thousand tons in 2022. In the first half of this year, there is a ban on the export of this crop. As specified, Russia began to limit the export of rice from July 1, 2022 due to an accident at the Fedorovsky ...
Source: Agrosektor
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.