The share of foods and agricultural products in overall Russian exports is increasing. “What could be driving our exports is goods that we can produce in large quantities,” Elena Razumova, Deputy Head of the Department for Expert Analyticst of the Analytical Center, told the Agroinvestor magazine correspondent.
Full range of food products from Russia can be marketed in CIS, Middle East, and South-East Asia
“In my opinion, these products are poultry meat, pork, vegetable oil, fish, sugar, grain and oilseeds derivatives. Other products like sweets, honey, alcohol could also be successfully marketed abroad, but rather as niche products,” the expert commented.
Ms Razumova believes that almost the entire range of food products from Russia can be marketed in the CIS, the Middle East, and South-East Asia. “Poultry, particularly such products as feet, combs, etc, will be more in demand in Asian markets as they are seen as delicacies there. As far as fish goes, apart from its current main importers, China (747.8 thou. tonnes in 2015) and South Korea (326 thou. tonnes), countries like Brazil and the Argentine could also have their share of deliveries, as consumption is currently growing in Latin America, as well as the EU. In the European market we can compete with the US and China, while the latter is exporting processed fish from Russia as well,” the expert continued. Oilseeds agricultural products and vegetable oils could compete with Ukrainian suppliers in Asian markets, while feed industry products will be in demand both in Asia and in the Middle East, the analyst added.
“Meat producers actively exploring new sales markets are currently focusing on overseas markets. For example, this year some agreements have been reached regarding shipments to the Middle East and Asia,” the expert said. At the end of the first half of this year exports of all types of meat were over 83 thou. tonnes, which is 2.3 times more than last year, Ms Razumova noted.