Russia has determined a new roadmap for agricultural exports.

Russia's Agricultural Export Initiative

As a key player in global grain production, Russia has developed a new strategic roadmap to increase its agricultural exports.

Domestic Companies' Global Investment Vision

Russian Agriculture Minister Oksana Lut emphasized that in order to revitalize the country's weakening agricultural exports, domestic companies should establish food processing facilities abroad with state support. This would ensure economic sustainability and enhance competitiveness in the global market.

Impact of Drought and Global Price Decline

While Russia is known as one of the largest wheat exporters in the world, difficult circumstances such as drought in the Black Sea Region and a decline in global prices have slowed the growth of grain exports.

2030 Targets Under Threat

This economic downturn has put at risk Russian President Vladimir Putin's goal of increasing agricultural exports by 50% by 2030, prompting the Moscow administration to reevaluate current strategies.

Investment Needs and Successful Pilot Projects

According to a report by Reuters, Minister Lut stated at the dairy and dairy product producers conference held in Moscow, "It will no longer be possible to gain partnerships with countries simply by supplying raw materials. We must stand out with investments." She also announced that some Russian firms have started flour milling activities abroad. It has been noted that the government is working on ideas in this area and that there is a need for successful pilot projects.