Russian alcohol is in the top 5 of agricultural products exported to the Baltics

Published Sep 4, 2020

Tridge summary

In the first half of 2020, Russia saw a 7% increase in agricultural exports to the Baltic countries, totaling $ 297 million, despite political tensions. The exports were led by meal and cake, followed by rapeseed oil and beet pulp, with significant decreases in wheat exports due to high local yields. The Baltics depend on imports of vegetables and fruits, with the EU being their main trading partners. Russia ranks as their 11th largest food supplier, with potential for growth especially in fat and oil industry products, alcohol, beet pulp, fish, and seafood.

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

Original content

Russian agricultural exports to the Baltics amounted to almost $ 300 million in the first half of the year In the first half of 2020, Russia exported to the Baltic countries - Latvia, Lithuania and Estonia - agricultural products worth $ 297 million, which is $ 19 million or 7% higher than the indicator January-June 2019. Including exports to Latvia increased by 6.3% to $ 202 million, Lithuania - by 9.5% to $ 83 million, Estonia - by 0.6% to $ 12 million. The leading export position this year is meal and cake, the supplies of which increased by 53% to 419 thousand tons in physical terms and by 39% to 76 million dollars in value. The Baltic states are also one of the largest buyers of Russian rapeseed oil used in the EU, including for the production of biofuel: in January-June, its deliveries amounted to 64 thousand tons (+ 20%) in the amount of $ 49 million (+ 30%). In third place is beet pulp, whose shipments doubled in physical terms to 271 thousand tonnes, in monetary terms - ...

Source: Agroxxi