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Russian agricultural exports soar nearly 30% as China and Turkey ramp up purchases | Russian agricultural exports soar nearly 30% as China and Turkey ramp up purchases |
(about 1 month later) | |
Exports of Russian agricultural products have increased by 28.1 percent in the first two months of 2021 against the same period a year ago, amounting to $4.51 billion, the Russian Agricultural Ministry reports. | Exports of Russian agricultural products have increased by 28.1 percent in the first two months of 2021 against the same period a year ago, amounting to $4.51 billion, the Russian Agricultural Ministry reports. |
Foreign sales of grains rose 86.4 percent to $1.916 billion, while exports of fat-and-oil products saw a modest growth of 9.2 percent to $787 million, according to the ministry. Exports of meat and dairy products grew by 32.8 percent to $154 million. | Foreign sales of grains rose 86.4 percent to $1.916 billion, while exports of fat-and-oil products saw a modest growth of 9.2 percent to $787 million, according to the ministry. Exports of meat and dairy products grew by 32.8 percent to $154 million. |
Meanwhile, sales of fish and seafood dropped 27.2 percent to $521 million. Exports of the food and processing industry also saw a decrease of 5.1 percent to $394 million. | Meanwhile, sales of fish and seafood dropped 27.2 percent to $521 million. Exports of the food and processing industry also saw a decrease of 5.1 percent to $394 million. |
The list of top consumers of Russia’s agricultural products is still topped by China, which has raised its imports of Russian food supplies to $822 million since the beginning of the year. That’s 24.4 percent more than the nation purchased within the same period in 2020. | The list of top consumers of Russia’s agricultural products is still topped by China, which has raised its imports of Russian food supplies to $822 million since the beginning of the year. That’s 24.4 percent more than the nation purchased within the same period in 2020. |
China’s share in the total volume of shipments of agricultural products from Russia is currently at 18.2 percent. | China’s share in the total volume of shipments of agricultural products from Russia is currently at 18.2 percent. |
Turkey, the second biggest importer of Russian agricultural goods, increased its purchases by 35.5 percent to $687 million. The nation accounts for 15.2 percent of Russia’s overall agricultural sales. | Turkey, the second biggest importer of Russian agricultural goods, increased its purchases by 35.5 percent to $687 million. The nation accounts for 15.2 percent of Russia’s overall agricultural sales. |
The European Union ranks third, accounting for 10.4 percent of Russian food imports. The bloc purchased $470 million worth of agricultural produce from Russia, marking a year-on-year drop of 3.5 percent. | The European Union ranks third, accounting for 10.4 percent of Russian food imports. The bloc purchased $470 million worth of agricultural produce from Russia, marking a year-on-year drop of 3.5 percent. |
Egypt, South Korea, Azerbaijan, Ukraine, Pakistan, Uzbekistan, and Mongolia remain the other major buyers of food products from Russia. | Egypt, South Korea, Azerbaijan, Ukraine, Pakistan, Uzbekistan, and Mongolia remain the other major buyers of food products from Russia. |
For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |