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All news / How Russia can feed the world

  • 12 May 2022, 10:47

According to scientists, in 2022-2023 the world will face a global food crisis. But it will not affect Russia - we provide ourselves with almost all the necessary food. And even if the whole world stops supplying food to Russia due to its shortage, we will not have hunger, although many products will have to be abandoned, experts interviewed by the Prime agency are sure.

How Russia can feed the world

Beans, fish and sugar

In addition to grain - and Russia is the world leader in its export - our country exports many other products. So, in the segment of cereals, we can provide the world with buckwheat, pearl barley and spelt. But these cereals remain practically unclaimed at the world level, they are consumed mainly in the post-Soviet space.

In addition, the Russian Federation is also the leader in the export of legumes, a professor at the basic department of trade policy at the Russian Economic University named after M.V. G.V. Plekhanov Ibragim Ramazanov.

According to him, Russia has come close to the implementation of large-scale programs for the export of poultry and pork meat, and has great potential for the development of vegetable growing. We also sell milk and certain types of dairy products.

In addition, there is considerable potential to increase the catch and export of fish and non-fish aquatic products. However, being a leading maritime power and possessing huge aquatic bioresources, Russia ranks only 9th in terms of catch and export of fish and non-fish aquatic products. We are overtaken by countries with much more modest potential.

Another export item that could expand significantly is sugar. According to Ramazanov, much more sugar is now being produced in Russia than is needed to meet the needs of the domestic market. At the same time, no more than 75% of the sown areas for this crop are involved in the turnover for the production of sugar beet compared to 1990, but the productivity is much higher.

“The same situation is typical for the production of sunflower and other oilseeds, potatoes, white cabbage, carrots and other root crops,” the expert emphasized.


Oil, vodka and water

In recent years, the export of sunflower seeds, rapeseed, buckwheat and soybeans has increased significantly. Sunflower oil is in particular demand, explained Khadzhimurad Belkharoev, Associate Professor of the International Economic Security Program at the Institute of World Economy and Business of the Peoples' Friendship Friendship University of Russia.

“Confectionery products made in Russia, especially in the CIS countries, sell well, they account for about 5% of the total export share,” the expert noted.

According to him, the export of low-alcohol products, especially to the Chinese market, has increased significantly, Russian vodka is traditionally a success all over the world, which is already a brand in itself.

“An underestimated commodity from Russia by the world community is mineral water, which is an order of magnitude superior to Western counterparts. Especially in this case, fresh drinking water stands out, in the future it will be in demand in the world,” Belkharoev believes.


The key is resources.

Do not forget the fact that Russia ranks first in the world in the export of resources. “Resources include not only gas, oil and coal, but, in particular, ammonia and potash fertilizers,” Artyom Lyutik, director of the capital market department at IC UNIVER Capital, explained.

Without them, agriculture in most regions of the world will be much more unprofitable. Fertilizer prices in a number of markets have already increased by 2-3 times, and this is turning into a reduction in yields.

Food producers do not consider the stabilization of the ruble the basis for lowering prices

“In general, the export of resources from Russia is so tightly integrated into the world economy that the loss of export volumes from any type of resources exported from Russia instantly causes an increase in prices and, as a result, an increase in demand from other buyers,” he concluded.