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Russia has set a new record in agricultural product exports

By November 28, exports of Russian agricultural products totaled $31.2 billion, which exceeds the total for the entire previous year.

23 December 2021
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According to a report from the Ministry of Agriculture, by November 28, Russian agriculture exports totaled $31.2 billion, which exceeds the total for the entire last year ($30.5 billion) and represents a 21% increase from 2019 ($25.6 billion), the center "Agroexport" at the Ministry of Agriculture reports.

The largest growth rate continues to be seen in the oil and fat industry: the supply of oil and fat products increased by 49% to $6.185 billion from the beginning of the year, with Turkey and China being the leading destinations. The main export volume is for cereals with an export value of $9.415 billion (an increase of 10%), Turkey and Egypt being the top destinations. Meat and dairy product exports increased by 30%, to $1.328 billion.

The EU remains the largest buyer of Russian agri-products: shipments to European countries increased by 44%, to $4.171 billion. The EU share in Russian agro-exports was 13.4%, followed by Turkey (12% share), China (10.1%), South Korea (6.9%), and Kazakhstan (6%).

The Ministry of Agriculture predicts that this year's agricultural exports will reach $34-35 billion. The 2030 target is set at $47.1 billion.

December 1, 2021/https://www.interfax.ru/

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