The agriculture sector of Russia country is the most steadily developing sector of the national economy. Country’s most important crops are sunflower oil, grains and corn. Russia country is a world champion for the export of wheat & buckwheat and amongst the top ten in terms of the export of many other crops. The country has also exporting a variety of livestock products and value-added food products. Country also produces & exports many other food products for instance barley, meat, dairy products, fish, fruit and nuts. In addition to country’s current agricultural production capabilities, climate change may make various millions of additional acres in northern-Russia available for farming. This, combined with the planned expansions of country’s export infrastructure, increase export markets and a considered increase of fertilizer use, could increasingly place it in a position of global agriculture sector leadership.
According to study, “Russia Agriculture Market Trends, Statistics, Growth, and Forecasts” the key companies operating in the Russia agriculture market are Karelian Surimi Plant, Rusflot Petroleum Company, Diamond Rain Group, East Way Ltd., Baltic Cranberry Corporation, Russneft Consultancy (Affiliated To Russneft Company), Donskoy Tabak Jsc, The New People Co., Ltd., Sun-nsk, Republican Supply Base Prohladnenskaya, Ussuriyskiy Balsam, Legion Co. Ltd., Solna, Jj-group, Rosex Ltd., Huston Commerce LLC, Polikor Ltd., Ambar ug. Co. Ltd., Cfc Company Limited, Bashkir Forest Industry Company, Kursk Grain Product Complex, International Potash Company – Ipc, Health&herbs, Odionn-fish, Enbima Group, Taikan Co., Ltd. The key manufacturers continue ramping up own production, in their usual & new categories, taking niches previously occupied by imports. In addition, the weak ruble makes Russian goods lucrative & competitive in the foreign markets, opening up innovative opportunities for domestic enterprises.
The Russian food products are exported around the globe for example Russian grains are exported to more than 120 countries. Key export destinations for Russian grains are mainly the Middle East, the North Africa, and the South Caucasas. Additionally, key export destinations for Russian sunflower oil are the China, Turkey, CIS countries, Egypt and Iran.
The Russia agriculture market is driven by rise in global temperatures that may melt snow currently covering huge areas of potential farmland. Some other major growth factors are increase in production capacity, massive source of food demand, possibility of great economic integration with China and increase in export activities. However, weakened economic condition owing to low oil prices & weak rouble may impact the market. Moreover, increase in investments in farming companies, investments in the financial sector that can increase the existing agriculture sector financing sources, increase in investing in company or investment funds with the agriculture-driven infrastructure strategies, including roads, ports, and logistics centers are key opportunities for market. Furthermore, surge in investment in companies whose business models are based on the agriculture sector inputs such as agriculture equipment, agriculture machinery, and fertilizers is a major trend for market.
The Russian agriculture sector has the potential to grow considerably in the years to come. In addition to having key significance for global food supply, this will create various investment opportunities for the global agriculture sector investors.
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Ankur Gupta, Head Marketing & Communications