The Ministry of Agriculture urged the regions of the Far East and North-West to diversify agricultural exports

Published 2020년 7월 31일

Tridge summary

The Minister of Agriculture in Russia, Dmitry Patrushev, has called for the regions of the Far Eastern and Northwestern Federal Districts to diversify their agricultural exports beyond fish and seafood to increase export volumes. The regions, which currently contribute 80% of Russia's fish and seafood exports, could also focus on producing soybeans, rapeseed, meat, and dairy products. However, the challenge lies in the high competition from China in the processed fish market and the lower demand for environmentally friendly products in China due to the pig breeding losses from African swine fever. In 2019, Russia exported agricultural products worth $25.5 billion to 158 countries, with grains constituting 31% of the exports.

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Original content

To further increase export volumes, the regions of the Far Eastern and Northwestern Federal Districts need to diversify the supply of agricultural products and effectively use the existing reserves of the food and processing industry. The Minister of Agriculture Dmitry Patrushev said this during a meeting with representatives of the Kamchatka, Primorsky and Khabarovsk Territories, Sakhalin, Arkhangelsk and Murmansk Regions, according to the Federal Agricultural Department. Now these regions mainly trade in fish and seafood. According to the Agroexport center subordinate to the Ministry of Agriculture, these positions rank third in the export value structure ($ 2.66 billion as of July 26) and fifth in terms of export volumes (1.23 million tons). In 2020, Russia should export these products for almost $ 5.5 billion, while it is assumed that 80% of the supplies will come from these regions, the Ministry of Agriculture notes. However, in addition to exporting fish, they can develop ...

Source: AgroInvestor