Prospects of the export of Russian agricultural products

22.04.2019

According to the Decree of Vladimir Putin, the President of Russia, the export of Russian agricultural products, in terms of value, should increase over the next five years in 1.8 times, i.e. up to $45 billion by 2024. In particular, it is expected to increase the foreign sales of crops in 1.5 times (up to $11.4 billion), fat-and-oil products in 2.8 times (up to $8.6 billion), food and processing industry in 2.5 times (up to $8.6 billion), seafood in 1.9 times (up to $8.5 billion) and meat and dairy products in 4.7 times (up to $2.8 billion).

Will Russia be able to reach sales targets? What contributors facilitate their achievement? What adversities can slow down food supplies abroad or slow down the opening of new markets? These and many other topics related to agricultural export prospects will be discussed at the round table entitled “Export Today: Trends. Key mistakes made by exporters.” The event will be held on May 29, 2019 at the International Exhibition Center Crocus Expo as a part of Summit “Russia's Agrarian Policy: Today and Future". The host of the meeting is Asti Group, a company having 18 years of experience of exhibition promoting activities and partnering with the largest Western exhibition venues, including the Dutch VIV partnership dating back years.

“Russian manufacturers of food and agricultural raw materials have all the opportunities to increase export volumes to the planned figure. Back in 2015, food supplies abroad were about $16.2 billion, and last year, the export volumes increased up to $25.1 billion! In the immediate future, we are about to maintain the same growth rates and, moreover, certainly increase them,” states Nariner Bagmanyan, Head of Asti Group.

It is planned to conclude at least one hundred corporate programs of gaining international competitiveness in the main areas of export to implement planned figures within the framework of the agricultural export development project in the years 2019–2021. At present, Russia is also implementing a project to involve Russian businesses in the UN organization procurement system. Biddings are published there on a periodic basis for the supply of agricultural equipment and solutions worldwide. The participation of domestic agricultural producers in the program is also intended to facilitate the development of external sales. Maxim Yeliseyev, the Industrial Development Coordinator of the UN project “Facilitation of partnership Russia – UNIDO”, will talk about the UN bidding opportunities at the round table.

Dmitry Nizhelsky, Head of the department at the Directorate for materialized and global business product sales, Moscow Credit Bank, will provide the analysis of existing barriers and prospects for future development of foreign economic activity (IMEX) at the meeting held at Crocus Expo. He will also speak on the best way to identify priority areas, mechanisms of government support, and to choose the most effective of them to increase the competitiveness of the Russian agricultural businesses in international markets.

Not only federal agrarian holdings should play a role in increasing the volume of international trade, but also small and medium-sized businesses operating at the regional level will make a big contribution. Olga Abramova, the Minister of Agriculture and Food of Udmurtia, will speak about the experience of supplying products abroad by small businesses. By 2024, the Udmurt Republic plans to increase exports of agricultural products fourfold compared to 2018, up to $10 million in terms of money.

In addition, Artem Belov, General Director of the National Union of Milk Producers (Soyuzmoloko), Andrei Dalnov, Chief Analyst at Cherkizovo, one of the largest agricultural holdings, and Alexey Vanchugov, Chairman of the Board at RosAgroMarket, and others will participate and present their lectures for discussion.