November 22, 2016

23/11/2016: Russia’s position in the global grain market

Deputy Prime Minister of Russia Arkady Dvorkovich took part in business lunch “The World Grain Market and Russia’s Place on it” within II World Grain Forum in Sochi

The meeting of Deputy Prime Minister of the Russian Federation A. Dvorkovich and the Heads of foreign delegations, international organisations and the international expert community in the format of a business breakfast.

The World Grain Market and Russia’s Place on it was held during the SecondWorld Grain Forum in Sochi. The business breakfast under the moderation of Sergey Levin, Deputy Minister of Agriculture of the Russian Federation was attended by Alexander Tkachev, Minister of Agriculture of the Russian Federation.

Deputy Prime Minister of the Russian Federation Arkady Dvorkovich addressed the attendees with the welcome speech. He stated that Russia is steadily building up production of grain and is returning to the position of the world leader in grain supply.

According to Arkady Dvorkovich, the Russian Federation has almost doubled grain production since 2009, when the First World Grain Forum was held in St Petersburg.

Image: Dimtry Dzhus
“Today, Russia is not only able to present its forecasts and plans but also to demonstrate its considerable achievements in the agricultural sector. Herewith, the Russian Federation has an enormous potential for development in the field of grain production. The country should improve technologies, raise the quality of management, expand engineering capacities, supply farming enterprises with advanced technology”, said Deputy Prime Minister of the Russian Federation.

Russia also takes an active part in global humanitarian program of grain supply and assumes responsibility for agricultural sector development in neighbouring countries—Armenia, Belarus, Kirghizia, etc.

The Russian Federation is ready as to increase the overall area under crops so to improve the quality of output in order to accomplish the identified target— to increase the grain production from the output of 2016 (117 million tons) to 150 million tons by 2030, declared Arkady Dvorkovich.

Recent achievements of Russia are not the reason to rest on laurels, noted Minister of Agriculture of the Russian Federation Alexander Tkachev.

Having vast areas and capacities in its disposal, Russia should be deeply involved in melioration, improve soil fertility, and recover millions of cropland into circulation, taking into account the specific nature of national agricultural production, primarily adverse climatic conditions.

By 2030 the export of Russian grain may amount to 50 million tons. Herewith, Russia should consider new export opportunities. Grain is our second oil, pointed out Minister of Agriculture.

As it was mentioned by UN FAO’s Senior Economist Abdolreza Abbassian, the reduction of purchasing prices for grain is the key challenge of the global market.

Maintaining of prices at the level acceptable for both manufacturers and consumers will allow increasing the part of high-quality grain in the overall output, considers Minister of Agriculture of Canada in 2007–2015 Gerry Ritz. Government institutions and grain producers should speak about the quality of feedstock along with the output volumes, pointed out Mr. Ritz.

In opinion of the President of the Russian Grain Union Arkady Zlochevsky, volumes of world trade are in direct relation with infrastructure availability, whose development lags behind the grain production.

Prospects of the global grain market depend on an extensive use of innovative technologies in the first place, considers the President of the International Grain Coalition Gary Martin. Representatives of countries—main importers of Russian grain, investors, traders, and experts also delivered their speeches at the business breakfast.

Participants discussed changes taking place on the global grain market, prospects of Russian export and new vectors of co-operation, as well as the role of the State in regulation of the grain market.

Read more HERE.

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