Grain Remains the Staple of Agricultural Exports

19 january 2018 | Russia - 24

Population growth and the development of cattle breeding (which is driving demand for cattle feeds) abroad stimulate the consumption of Russian grains and vegetable oils. That's what Analytical Center expert Elena Razumova told the Russian 24 TV channel.

Elena Razumova
Elena Razumova
Department for Expert Analytics

According to Ms. Razumova, grains and oils are going to remain Russia's main agricultural exports for the foreseeable future.  "Food production is driving demand for fodder grain and first of all wheat, so grain is going to continue to remain the main agricultural export in this country," Ms. Razumova said. In her opinion, the flour-grinding segment may also grow on the back of that. "The other important agricultural export is oils," Ms. Razumova added.

Last year Russia's agricultural exports exceeded $ 20 billion, which is several billion dollars more than in 2016, with agricultural exports growing about 400% over the past 10 years.

Source: Russia 24