Vietnam has been the beneficiary of a Free Trade Agreement with the Eurasian Economic Union since 2016, as a result of which bilateral trade with Russia has boomed. With now three years of experience and investment in increasing trade infrastructure, Russian exporters and manufacturers considering Asia should be conducting market research activities into the opportunities in the Vietnamese market now.
Vietnam is a good choice for a developing trade partner for Russia, it has a large and increasingly prosperous consumer base of 96 million, spending US$0.6 trillion in 2018, and a GDP per capita of about US$2,750. (Russia’s per capita GDP is about US$11,500). National.
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Russia ranked first among meat suppliers to Vietnam in the first half of this year, the Agroexport Federal Center, part of the Russian Agriculture Ministry said last week.“According to results of the first half of 2021, Russia captured the first place among meat exporters to Vietnam, Following Russia, Vietnam’s top five meat suppliers were the US, India, the Netherlands and Poland.”
Russia exported 61,800 tonnes of meat to Vietnam in January-June 2021, which is 2.6 times above the same period in 2020, according to Russian customs statistics. Meat products increased 2.5 times in value terms to US$121 million. Russian pork exports accounted for the bulk.
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Russia has overtaken Australia, Argentina and Brazil in beef exports to the Chinese market, which are likely to grow further over the next five years, the Center for Industry Expertise (CIE) of Russia’s Rosselkhozbank says.
China bought some 3.7 thousand tons of Russian beef in the first quarter of 2021, 20 times more than during the same period last year, the industry department of the agricultural bank reported.
Over 55% of Russia’s total cattle meat exports go to the Chinese market. Overall, Russia sent about 6.5 thousand tons of cattle meat abroad in January-March, nearly two and a half times more than a comparable period in 2020.
The CIE explains.
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As of July 29, Russian agrarians harvested grains and pulses throughout the areas of 16.2 mln ha.The production volumes almost reached 52.9 mln tonnes of grains (54 mln ha in 2020), declared the press-service of theMinistry of Agriculture of Russia.
In particular, agrarians harvested 40.8 (44.8) mln tonnes of wheat throughout 11.8 mln ha, with the yield of 3.45 (3.61) t/ha. Also, Russia harvested 8.3 (7) mln tonnes of barley throughout 2.7 mln ha, with the yield of 3.02 (3.29) t/ha.
Agrarians harvested 379.2 thsd tonnes of rapeseed throughout 141.3 thsd ha, with the.
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According to the ministry, in June the country’s GDP reached the pre-pandemic level corresponding to the fourth quarter of 2019, growing by 8.5% in annual terms. In the second quarter of 2021, GDP growth amounted to 10.1% compared to the same period in 2020 and 1.5% growth compared to the second quarter of 2019.
The country’s GDP is mostly driven by non-energy sectors, including the agriculture, manufacturing, and construction industries. Domestic demand remained the main driver of the economy in 2021, the ministry stated. It also revealed that the average incomes of the population at the end of the second quarter this year were close to the level of the.
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The export of agricultural products from the Russian Federation since the beginning of the year as of July 25 amounted to $ 16.379 billion, which is 16% higher than on the same date last year, according to the materials of the Federal Center for the Development of Exports of Agricultural Products (FSBI Agroexport) under the Ministry of Agriculture of Russia.
In particular, grain exports from Russia increased by 15.1% to $ 4.579 billion, fish and seafood – by 4.7% to 2.85 billion. Deliveries of products of the fat and oil industry increased by 38.4% - to $ 3.753 billion. Exports of food and processing industry products increased by 5% - to $ 2.186 billion, meat and.
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The current policy of banks will force agricultural producers to reduce investment activity. This was stated by Dmitry Matveev, General Director of Group of companies Kabosh, in a comment to The DairyNews.
‘Manufacturers will be forced to raise prices, which will definitely affect the buyer. Therefore, the state should be strategically focused on the development of the industry, especially on producers of products with high added value, so that the industry does not stagnate in a short time,’ the expert noted.
According to him, initially lending to the agro-industrial complex was due to a number of difficulties: high and specific risks, price fluctuations, as.
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The largest milk producer in Russia, EkoNiva-APK-Holding, has suspended the implementation of a billion project of a livestock complex in Talmenka district, but has not abandoned it. Governor of Altai region Viktor Tomenko announced this to journalists during a large online press conference on July 27.
EkoNiva, Russia's largest producer of raw milk, intended to build a livestock complex for 6 thousand cattle in Talmenka district. According to the plan, the first cowshed was supposed to be launched at the end of 2020, and reach its design capacity in 2021.
The governor has explained that the implementation of the project has been suspended. But the project.
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Russians expect an increase in prices for several groups of socially significant goods, in particular, for meat and bread. This is due to an increase in production costs, with a large share of imported ingredients, said Elena Tyurina, a member of the Agrarian Committee of the Chamber of Commerce and Industry. We decided to contact her with clarifying questions.
– According to you, in 2021 Russia is fully provided with livestock products, there will be no shortage, moreover, there is even an export potential. At the same time, there is a high probability that meat will rise in price. Why?
– When feeding animals, premixes are used –.
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The Russian poultry industry has always been reliant on relatively expensive imports of breeding stock. Now that the new Russian broiler crossbreed, Smena-9, is expected to be patented by the end of 2021, it hopes the end of foreign dependency is in sight. In 10 years time, Smena-9 could conquer the entire Russian market.
The path to the first Russian poultry crossbreed has not been without bumps along the way. The Smena-9 birds follow Smena-8 and Smena-7, both lines that were bred over the past few years and which should have been on a par with imported breeding stock. However, neither line has made it to state registration, let alone commercial introduction..
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