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All news / New projects in the agro-industrial complex will allow Russia to increase agricultural exports by $8 billion

  • 06 Feb 2024, 11:08

About 320 investment projects are being implemented in Russia, which have an export component in their structure. The implementation of these projects will make it possible to supply products worth over $8 billion to foreign markets, said Dmitry Krasnov, head of the Agroexport Federal Center.New projects in the agro-industrial complex will allow Russia to increase agricultural exports by $8 billion

“Today a large number of investment projects are being implemented in the agricultural sector. About 320 of them have an export component in their structure. In total, through these projects, more than $8 billion worth of products should be exported, including about $4 billion thanks to new projects launched in 2024 and 2025,” he told Andrey Dalnov, head of the Center for Industry Expertise of Rosselkhozbank, on air “ PRODcast".

According to Dmitry Krasnov, in addition to the traditional export directions of grains and oilseeds, lamb, pork and milk powder will remain the drivers of growth in supplies to foreign markets.

At the end of last year, Russia supplied almost 20 thousand tons of powdered milk to foreign markets. “These are significant achievements. The ability and ability of the dairy industry to produce, store and export milk powder and thus build reserves during periods of declining prices is an extremely effective market tool for stabilizing the industry. And if next year not 20 thousand tons, but 40 thousand tons are exported, then this is very tangible support for stimulating further growth in milk production,” noted the head of Agroexport.

The implementation of new projects for the production and processing of lamb naturally led to an increase in exports in this direction. Last year, 10 thousand tons of this type of meat were supplied to Iran. Compared to 2022, supplies have increased 10 times, and today this direction is making a significant contribution to the export basket, Dmitry Krasnov emphasized.

To further increase the export component, it is necessary to maintain state support measures, in particular in the field of promoting Russian goods in foreign markets, he noted. “The most important thing is to create space for promoting our products in foreign markets. If we don’t start investing money in promotion, buying out shelves, creating niches to market our products, we won’t get serious movement,” he concluded.