In 2024, the Trading House "Rif", one of the largest grain exporters, plans to expand its business. The company intends to build a processing plant and strengthen existing projects related to crop production. These large-scale projects indicate a shift in the company's focus from export to production, confirming President Vladimir Putin's words that Russia is a reliable place for business development.
Furthermore, by the end of 2024, the construction and launch of river-sea class vessels is planned, the construction of which was contracted in October 2023. At the moment, the company already has 17 vessels and more than 1000 new wagons, which will increase transportation volumes in 2024.
Additionally, the Trading House "Rif" is actively developing its port in the Rostov region. Its area is over 40 hectares, with a one-time storage capacity of 108,000 tons. In 2023, two new berths were put into operation, which will increase transshipment capacities to 7 million tons in 2024. The company also collaborates with around 30 linear elevators under storage and transshipment agreements.
The Trading House "Rif" is the largest diversified agricultural organization specializing in the procurement and export of agricultural products. It cooperates with more than 7,000 suppliers from different regions of Russia and ships products to over 40 countries worldwide, including Egypt, Kenya, Lebanon, Libya, Nigeria, Saudi Arabia, Thailand, Turkey, and others.