Russia continues to develop new markets for the national agro-industrial complex with an increase in wheat shipments

The final Collegium of the Ministry of Agriculture of the Russian Federation for the year, held in Moscow, highlighted the country's strong performance in the agricultural sector for 2023. The sector has seen significant growth, with exports exceeding imports by nearly $10 billion and reaching a value of $43.5 billion. Russia emerged as a global leader in the supply of barley, peas, wheat, and frozen fish. The country also achieved record harvests in key crops and significant increases in the production of high added value products. The Russian agro-industrial complex is on track to expand its state program 'Land', aiming to bring an additional 950 thousand hectares of agricultural land into circulation by 2023, with plans to double this area by 2030. The sector is also investing in modern technologies to boost efficiency and is developing new markets, particularly in Africa and Asia. President Putin has set a goal for agricultural production to increase by 25% and exports by 1.5 times by 2030. To support this, a new national project, 'Technological Support for Food Security', will be launched next year, focusing on scientific research, production of essential products, and technical independence.