RSHB analysts named oilseeds, sugar and meat as new drivers of Russian agricultural exports
Published Jul 28, 2020
Tridge summary
According to the operational data of the Center for Industry Expertise of the Russian Agricultural Bank (TSOE), export volumes are ahead of the planned indicators. In the first half of the year, the volume of exports of agricultural products (excluding the EAEU countries) amounted to $ 10.5 billion, having increased 17% in value terms compared to the same period in 2019, the press service of the RSHB told The DairyNews.
Original content
Shipments to the EAEU countries confirm the trend: in the first 4 months of 2020, their volumes increased by 10%, to $ 1.2 billion.CES believes that by the end of the year, the export of agricultural products abroad may increase by more than 10% to $ 27-28 billion. The Ministry of Agriculture of the Russian Federation forecasts exports in 2020 at the level of last year, in the amount of $ 25 billion. “We expect that the main growth will be provided by both the primary export categories, grains and oil and fat, and new export drivers - oilseeds, sugar and meat. While the export volumes of oilseeds and meat in the first six months of 2020 doubled, the export of sugar and confectionery products showed a fourfold growth. The share of these three categories in the structure of shipments of agricultural goods from Russia increased from 6% in the first half of 2019 to 12% in 2020. At the same time, the share of the three main export categories, cereals, oil and fat and fish, decreased ...
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.