Currently, grain prices on the world market are at their lowest since 2020. This is a negative trend for manufacturers and exporters.

According to analysts’ forecasts, the volume of Russian food exports in 2023 could reach up to $43.5 billion.

According to experts, the oilseed harvest by the end of 2023 may be higher than 30 million tons.

According to the latest data, for 2023 the growth was up to 72% when compared with the results for 2022. As for the physical volumes of supplies, they grew even more, almost 3 times, and reached 900 thousand tons.

Experts expect that this year the volume of transport of agricultural goods using rail may increase even more.

The Ministry of Agriculture has distributed previously established quotas for the import of seeds into the Russian Federation. The largest shares were received by 3 companies: Syngenta, KVS and Zolotoy Pochatok.

Currently, the target for growth in the rate of production of agricultural products is set at 3%. The Ministry of Agriculture is considering reducing it to 1.5%.

Currently, Russia ranks second in the world in exports of sunflower and rapeseed oil, but farmers need support for further development of the industry.

As China’s cooperation with the United States gradually declines, Brazil is becoming an increasingly important supplier of agricultural products to China.

The European Union has set itself an ambitious goal — to reduce greenhouse gas emissions by 90% by 2040.