Russian grain exports may hit $17.5 bln by 2030 - AgMin

MOSCOW. Oct 10 (Interfax) - Russia's grain exports may reach $17.5 billion by 2030, compared to $16.3 billion in 2023 and $11.4 billion in 2021, according to data presented by Russian Agriculture Minister Oksana Luth at a plenary session held on the sidelines of the Golden Autumn 2024 exhibition in Moscow on Thursday.

As reported, the Russian president has set the task of increasing 2021 agro-industrial exports 1.5-fold and raising output 25% by 2030.

Exports of fat and oil products may increase to $10 billion by 2030 versus $7.3 billion in 2021 and $8.5 billion in 2023; fish exports to $7.5 billion from $6.6 billion and $5.4 billion, respectively; exports of finished products to $15.8 billion versus $9.9 billion and $11.5 billion, and exports of meat and dairy products to $4.4 billion from $1.6 billion and $1.8 billion.

As reported, exports should grow overall to $55.2 billion by 2030 versus $43.5 billion in 2023.

Exports still lag behind last year in value terms due to falling global food prices, Luth said. "We are nevertheless trying to reduce this lag," she said.

At the same time, exports are 6%-7% higher than last year in physical terms.

All state support measures for exports will be maintained as part of the Export of Agricultural Products federal project which lasts until 2030, she said.