March 14, 2019
Noticeably Russia’s grain production has risen progressively in recent years and now nets the country some $20bn a year from exports
Russia, dearly named as “Agro-superpower” is about to harvest nothing less than 118mn tonnes of grain this year, including 75–78mn tonnes of wheat, announced Agriculture Minister Dmitry on March 14, 2019.
“Last year the grain harvest exceeded 113mn tonnes, significantly overshooting average annual figures for the past five years. This year we may harvest at least 118mn tonnes of grain, including 75mn-78mn tonnes of wheat,” he said.
The projection for 118mn tonnes of grain on the record of 135mn tonnes that Russia brought in 2018, but still well ahead of the five year average. Grain harvests have been rising increasingly in recent years following a massive investment operation by the government. Surprisingly, Russia is now earning some $20bn a year from grain exports – more than it earns from arms exports.
Presently Russia is the world’s top wheat exporter. It is also among the top leaders in exports of fish and sunflower oil. Russia is exporting poultry and self-sufficient in meat exports and is making headway in covering its own necessities in beef.
“Combined exports of agricultural products grew 20% to $25.9bn in 2018, almost twice as much as exports of arms and weapons”, Patrushev said, making Russia an “agricultural superpower, added the minister.
“We have an ambitious goal of raising exports of our agricultural industry to $45bn by 2024. Russia has all the necessary capabilities for that today, we have resources, technologies, and mechanisms of state support,” the minister addressing the mediaperson.
Agriculture has truly become a strategic sector for the state and Moscow wants to make Russia an independent country where imports are concern taking up as a question of national security. Russia is now making weighty export profits from the business in an attempt to break free of its dependence on oil and gas exports.
The state agriculture programme in coming days include spending more than RUB300bn ($4.6bn) in 2019. “The federal project for support of agricultural exports encompasses provision of RUB406.8bn ($6.2bn) in the next six years. We also worked out additional measures of state support for small farms, and we will allocate more than RUB37bn on that until 2024,” he said.