How the export of Russian food products is growing

Published Aug 3, 2021

Tridge summary

Russian President Vladimir Putin has set a strategy for the agricultural sector to move away from grain exports towards value-added products, with the meat, dairy, fat-and-oil, confectionery and beverage industries poised for success on the global stage. Despite challenges in 2020, the export of value-added products experienced a 15% increase, reaching $4.5 billion. However, logistical challenges and the localization of processing in receiving countries present obstacles. Despite these challenges, experts believe that with high-quality products and low logistics costs, Russian goods can compete in the European market. The article also discusses the potential for wheat exports to large markets like Algeria and Indonesia, and the higher profitability of export sales for many products.

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

Original content

The course for the development of export of value-added products was set by the President of the country Vladimir Putin several years ago. Since then, there has been no global restructuring of the supply structure, but some sectors of the agro-industrial complex have indeed stepped up the export of such goods. The meat, dairy, fat-and-oil, confectionery and beverage industries can count on the further successful conquest of the world market.Agriculture is systematically moving away from exclusively grain exports, the share of supplies of products with high added value is growing, said Russian Agriculture Minister Dmitry Patrushev in the spring. In 2020, we managed to achieve a significant increase in this category. So, according to Agroexport, the export of food and processing industry products increased in relation to the 2019 indicator by more than 15% to $ 4.5 billion. The geography of supplies is also expanding: for example, Russian ice cream has appeared in 35 countries, and ...

Source: Oilworld