Currently, the Russian agricultural department is thinking about revising the size of the export duty.
The use of digital technologies in agriculture is expected to triple over the next 10 years, but they are not widely used at the moment.
In 2022-2023, the Saudis produced about 1.18 million tons of wheat; in 2023-2024, results are expected to be about 1.2 million tons.
Common problems in the agricultural sector open wide opportunities for Pakistan and China for cooperation in this area.
The intervention fund was created in order to support farmers through direct purchase of grain from them, as well as regulate prices.
Compared to 2017, the oat harvest in the Russian Federation decreased by 2.2 million tons, and the area under this crop is also decreasing.
According to the Ministry of Agriculture, Russia has reduced purchases of imported seeds by almost a third during 2023. The main emphasis is on import substitution.
According to the latest data, the volume of mergers and acquisitions (so-called M&A) in 2023 increased by 56% compared to 2022.
According to recent reports, personnel problems in the Russian agro-industrial complex have not yet been resolved, and this could become a serious test for the industry.
Currently, the idea of creating such an exchange is already moving into the implementation stage — Vladimir Putin approved the initiative.