Agroexport estimates alfalfa exports from Russia by 2030

Published Apr 11, 2024

Tridge summary

Russia has set a goal to significantly boost its alfalfa exports to 100–120 thousand tons by 2030, aiming for a market value of $50-60 million. This initiative capitalizes on Russia's extensive unused lands to cultivate alfalfa, a crop currently underutilized within the country but in high demand in regions struggling with feed crop production due to land and moisture constraints. Target markets include China and several Middle Eastern countries such as Jordan, Qatar, Kuwait, UAE, and Saudi Arabia. Despite alfalfa being cultivated in various parts of Russia, only a limited number of enterprises are presently engaged in its export production. The Federal Center for the Development of Exports of Agricultural Products (Agroexport) sees significant growth potential in this sector, positioning Russia alongside other major alfalfa producers like the USA, Canada, EU countries, Argentina, and China.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By 2030, Russia can increase alfalfa exports to 100–120 thousand tons. OleoScope reports this with reference to data from the Federal Center for the Development of Exports of Agricultural Products (Agroexport, owned by the Ministry of Agriculture). In monetary terms, the center's analysts estimated the supplies at $50-60 million. The organization believes that crop production can be increased due to the vast areas of unused land accumulated in the country. How much they amount to and what part of them can be allocated for these purposes is not specified there. However, it is noted that alfalfa is one of the most undervalued crops in our country, but it is of great importance for many countries as a raw material for hay production. This is especially true for countries with moisture and land shortages, where it is not possible to grow feed crops in large quantities. The organization named China and the countries of the Middle East (Jordan, Qatar, Kuwait, UAE, Saudi Arabia) as ...
Source: Rosng

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
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.