Russian agriculture will continue growth surge

Subject

Record grain production in Russia.

Significance

Grain production had a record year in 2017 and is expected to be high in 2018 if conditions hold up. Exports, too, are at high levels. Other areas of farming including the livestock sector are also showing growth.

Impacts

• Growth in the agricultural sector is forecast at 3% in 2018 and this should be attainable.
• Federal support for agriculture in 2018 will total 242 billion rubles (4.2 billion dollars), a 30% increase on 2014 in nominal terms.
• Vegetable and fruit growers will benefit most from Russia's continuing food import ban.