A significant decrease in the wheat harvest in Morocco is forcing it to increase imports, which could be beneficial for the Russian Federation.
Rising fertilizer prices are forcing US agricultural producers to look for alternatives, including cheap generics.
Analysts note that against the backdrop of rising vegetable prices, the average price of a liter of borsch has increased to 36 rubles per liter.
Currently, Russia supplies relatively little grain to China, and this may become the basis for future growth.
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.