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The Financial Times: Russia Experiences Agricultural Boom
April 27, 2017 10:38


Russia is experiencing an agricultural boom, and domestic market has a lot of opportunities for investors. This was written by The Financial Times newspaper on Wednesday, April 19. After many countries imposed sanctions in 2014 and Moscow responded by countermeasures, Russian people saw the opportunity for the development of their own companies.

Some Western analysts and economists doubted that anything would be achieved. But such optimism was justified in the agrarian sector, as the newspaper notes. In 2016 Russia became the largest supplier of grain on the world market. 34 million tons of the total of 119 million tons of grain has gone for export, as FT specifies.

In addition, due to the increased domestic production of pork and chicken, there is no more need to import these goods. In general, the products of the agro-industrial complex have become the country’s second main export article after oil and gas.

Thanks to the growing profits, farmers are investing in technologies and buy more fertilizers, so the Russian agricultural production will probably continue to develop in the future, as the newspaper believes.


Author: Anna Dorozhkina


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