Export development is a driver of the agro-industrial complex of the Far East, according to the Russian Ministry of Agriculture

Published Sep 2, 2021

Tridge summary

The article highlights the need for Russia to increase its agricultural production and added value in the Far East by focusing on exports to Asia-Pacific countries. Despite stable growth in Russian agricultural exports, the country only accounted for 2.5% of China's total food market purchases in 2020. Factors limiting exports include market access, transport infrastructure, and product diversification. The article also notes that with the correct developments, regions like Primorsky Krai, Kamchatka Territory, Sakhalin Oblast, and the Khabarovsk Territory can increase their agricultural exports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The main, if not the only, way to increase the production of agricultural products in the Far East several times and increase its added value is to develop exports to the countries of the Asia-Pacific region. Deputy Minister of Agriculture Sergei Levin said this during the Eastern Economic Forum. A significant part of the world's population is concentrated in the countries of the Asia-Pacific region, urbanization continues there, the economy and the well-being of people are growing steadily, which ultimately leads to an increase in demand for agricultural products and food, Levin explained. So, last year, purchases in foreign markets of agricultural raw materials and foodstuffs by the APR countries amounted to $ 693 billion - almost 45% of global imports, the deputy minister said. We see a stable growth of Russian agricultural exports and are justly proud of it, however, the volume of supplies of agricultural products from Russia to the countries of the Asia-Pacific region last ...
Source: AgroInvestor

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