In order to increase bilateral turnover, the countries are going to build a grain hub, using Russia’s advanced experience in the construction of such facilities.
Additional fertilizer supplies to India can both increase its food security and bring tangible financial benefits to Russia.
The export duty on sunflower oil has been zero for a year and a half, but now experts are worried that it may increase 5 times in the coming months.
Russia is already the largest supplier of food to the African continent and is going to strengthen its position.
According to the latest data, Russia may harvest up to 28 million tons of oilseeds this year, which is quite a good result.
US policy towards China may force American agricultural exporters out of its market, even though they would not like it to happen.
Currently, Venezuela is increasing its wheat imports every year, which makes it a promising country for the export of Russian products.
The Ministry of Agriculture is not going to revise the final forecast for the grain harvest in 2024, although the final value is much lower than planned.
World rice prices have plummeted after India lifted export restrictions.
Rosstat notes that this year the volume of agricultural production by agricultural enterprises has significantly decreased.