Russia will gradually move away from grain exports in favor of the supply of finished products

Published Apr 6, 2021

Tridge summary

The Russian Ministry of Agriculture, under Minister Dmitry Patrushev, has acknowledged that the level of export support provided in 2020 was overdone. To correct this, the government has eliminated the reimbursement of transportation costs for certain exports like grain, sugar, potatoes, buckwheat, and bottled sunflower oil. The government's focus for 2021 will shift to supporting exports of high-value added products, following the example of Turkey. In 2020, 38 types of agricultural products were approved for export to 24 countries, with the export of niche products like Russian ice cream and honey expanding to more countries.

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Original content

The Ministry of Agriculture of Russia admitted that "certain types of export support turned out to be excessive." According to the correspondent of "KazakhZerno.kz", this was stated by the Minister of Agriculture of Russia Dmitry Patrushev at a meeting with Russian President Vladimir Putin. The head of the Russian agro-industrial complex clarified that the stimulation of agricultural exports "at a certain point in 2020" was unnecessary. According to the minister, the policy has been adjusted: for example, since the beginning of this year, the reimbursement of part of the transportation costs for the export of grain, sugar, potatoes, buckwheat, and bottled sunflower oil has been canceled. As noted by Patrushev, in 2021, the emphasis will be placed on supporting the export of goods with high added value. He also added that despite the change in course, Russian exporters have a “large set of tools” in stock that will help them stay on the international market. Patrushev cited the ...

Source: Kazakh-zerno