Russian agri output grows, exports decline

8 December, 2019 12:00 AM printer

MOSCOW: Russia’s output of agricultural commodities is estimated to have risen this year, while exports are set to drop, Deputy Agriculture Minister Yelena Fastova said Friday.

“In 2019, we see that the agricultural production index will be 102 percent or a 2 percent increase from 2018,” Fastova was quoted by Interfax news agency as saying at the “Russian Agricultural Holdings-2019” conference, reports Xinhua.

She said that Russia’s grain output is estimated to have risen to 120 million tons this year from 113.3 million tons a year ago.

Fastova said Russia is estimated to export agricultural products worth 24-25 billion U.S. dollars this year, down from 25.8 billion dollars last year.