Russian market - Import - Fork Cast

The company "Rostselmash" has laid off about 2000 employees due to a decrease in demand for agricultural machinery. Farmers have switched to a reduced work schedule because of the crisis. The factory is operational again for 5 days a week, but in a limited capacity. The situation in the grain sector also remains challenging.

Rapeseed production in Russia is rapidly growing: the sown area and yield have increased thanks to intensive technologies. This crop has become the main oilseed due to high demand on the world market.

The use of domestic seeds and variety renewal plays an important role. It is expected that rapeseed production will continue to grow.

The Ministry of Agriculture proposes to expand the list of agricultural crops, the tax on seeds of which will be reduced to 10%. It is planned to add wheat, potatoes, vegetables to the list, without replacing the crops already included in it. The goal is to support breeding and reduce seed imports.

From 08.08.2024 to 31.12.2029, the VAT rate will be reduced.

The ban on the import of agricultural products from Western countries, introduced in 2014, has been extended until the end of 2026 by the decree of the President of the Russian Federation. This decision, characterized as bold and risky, has justified itself by contributing to the development of domestic agriculture. The Russian agro-industrial complex has shown significant success and the country has become self-sufficient.

Russia's export of agricultural products remains stable, with the main markets being the EAEU, Turkey, Iran, Brazil, China, Egypt, and India. As Russia continues to develop, it is also looking towards growth in Africa, Southeast Asia, and Arab countries.

Success in the global grain market is attributed to the high quality of produce, good yields, and government support. Subsidies for the transportation of products have been extended until 2024.

Over the past 20 years, there has been noticeable growth in agriculture production in Russia, which has allowed the country to become self-sufficient and increase the export of agricultural products. Large companies successfully compete in the global market, especially in the direction of grain and oilseeds. Russian agricultural exports are stable, cooperation with other countries is actively developing, and participation in festivals and fairs contributes to increased sales.

By 2024, honey production in Russia will reach 64,000 tons, the level of the previous year. Honey consumption will increase by 3-5% per year, and exports will grow. Beekeeping in personal subsidiary plots is profitable, paying off within 1-2 seasons. Bashkortostan is a leader with 5,900 tons.

The transfer of agricultural crops in the regions of Russia affected by frost is coming to an end. It is expected to maintain the production of grains at a level of not less than 132 million tons, of which 85 million tons are wheat. Plans for the global market include supplying up to 70 million tons of grain, emphasizing the importance of domestic food security.

Ice cream export from the Irkutsk region abroad has increased by 90% in terms of value. The main markets are China and Mongolia.

LLC "Angariya" - Ice Cream Factory and LLC "SMK Ice Cream Factory" are leading with over 100 types of ice cream, using local raw materials. The popularity of the products is growing not only locally, but also beyond the region.

In Russia, there is a growing demand for the cusk-eel from the Sea of Okhotsk. Sales within the country are increasing due to its popularity in restaurants.

Successful advertising and affordable prices contribute to the development of the market, attracting both producers and consumers.