It is expected that the North-South international transport corridor will allow Russia to export 30 million tons of agricultural products per year by 2030.
Currently, cooperation between Russia and Algeria in the supply of agricultural products is expanding; experts see great potential in this relationship.
The International Grains Council updated its forecasts in November; for many crops they were increased compared to October.
For the first time in history, flour exports in 2023 may exceed 1 million tons.
According to statistics, in July-October of this year, about 1.3 million tons of grain were exported from Siberian regions, which is 200 thousand tons more than in the same period last year.
In the last week, wheat prices have increased in many regions of the country, and there are prerequisites that this trend will continue.
The department extended the quota from November 30, 2023 to May 31, 2024. The new quota is set at 17 million tons.
In the Rostov region, digitalization in the agricultural sector is gradually developing, but its pace is still insufficient, experts say.
This season, Australia has achieved high levels of grain production and exports for the third time in a row, which is an important long-term trend.
From February 1 to June 30 next year, the export quota for grain exports may amount to 24 million tons.