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On January 17, the main events in the agro-industrial complex (APC) of Russia were the following:
1. Increasing the production of dairy products, especially cheeses. Russia significantly increased its production of dairy products last year, including cheeses. This indicates the growth of the industry and increased demand for dairy products.
2. Grain interventions and problems of regulation of the Russian grain market. The head of the Russian Grain Union, Arkady Zlochevsky, assessed the situation with grain interventions in the country and named the main problem of market regulation. The details of this problem are not provided.
3. Increasing supplies of Russian rapeseed oil abroad. Last year, supplies of Russian rapeseed oil abroad increased significantly. This indicates the growth of production of this oil and its popularity in the world market.
4. Increase in pork production and export of this meat. Russia has increased its pork production by more than a quarter over the past five years. Pork exports also increased significantly.
5. Reduced forecast for the world oilseed harvest from the USDA. The US Department of Agriculture has lowered its forecast for the global oilseed crop. However, the situation is expected to be uneven across producing countries, which could impact the global oilseeds market.
