Growth rates of agricultural production in the Russian Federation in 2020 will decrease to 1% - Ministry of Economic Development

Published 2020년 9월 28일

Tridge summary

The article forecasts a rise in the gross harvest of grains and legumes to 122.5 million tons by 2020, with an anticipated increase in yield and sowing area, leading to a 13.5% growth from 2019. Conversely, the production of sugar beet and sunflower is expected to see a decrease due to market oversaturation and reduced cultivation areas, respectively. The production of vegetable oils is also projected to decline, while the output of frozen vegetables and mushrooms is forecasted to grow. The forecast also anticipates a growth in the production of livestock, poultry, and milk, driven by technological modernization and logistical developments, with a projected increase in meat and dairy products by 2023.

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

Original content

According to the forecast, the gross harvest of grains and legumes this year is expected to reach 122.5 million tons against 121.2 million tons in 2019. "In the future, until 2023, grain production will increase to 137.5 million tons due to an increase in yield and sowing area, which is 13.5% higher than in 2019," the document says. The harvest of sugar beet this year will decrease by 27%, to 39.5 million tons against 54.4 million tons in 2019. Sugar production will amount to 6.5 million tons, which is 14.7% less than in 2019. "The reduction in production is due to the oversaturation of the domestic market and the reduction in areas under sugar beet," explains the Ministry of Economic Development. The sunflower harvest this year will decrease by 7.1%, to 14.3 million tons, against 15.4 million tons in 2019. The production of vegetable oils will fall by 9.2% to 6.1 million tons. In 2023, sunflower harvest is projected at 17.3 million tons, which is 12.3% more than in 2019. ...

Source: Dairy