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Last updateMon, 23 May 2016 12am

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According to statistic data of Federal Customs Service of Russian Federation (FTS) for the year of 2015, import of South African oranges reduced by almost 30% in comparison with 2014. That happened on the background of calls of leaders of the two countries, President of Russia Vladimir Putin and President of RSA Jacob Zuma to increase supplies of fresh fruits from South Africa to Russia sounded during visit to Moscow of Jacob Zuma in August of 2014. In the opinion of South African and Russian business the main reason of the decline was introduction by Russian side of a trade barrier in the form of special EAC marking which became obligatory from February of 2015.

Russia's Prime Minister Dmitry Medvedev said that the country's farmers need to make efficient use of the favorable domestic conditions for development activities created by the food embargo.

According to a report, prepared by the analytical center on the request of the Russian government, “Food embargo: Import Substitution and Changing Structures of Foreign Trade”, the extension of the food ban has affected competition negatively, leading to a rise in prices coupled with decreased food quality.

Russia's Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) approved 17 Moldovan fruit suppliers to return to the market after investigations did not reveal quarantine objects.

Russia and Vietnam concluded a Free Trade Agreement last Friday (May 29, 2015), opening up new prospects for the domestic fruit and vegetables market.

The General Director of the Lenta company, Yan Dyunning, provided this forecast last week during Russian Retail Week. The specialist said that this segment is still very far from saturation because the major players currently occupy 22 percent of the market, whereas in Great Britain this figure is 60 percent.

The management of Ritter Sport, which specializes in chocolate production, the fall of the ruble and the declining economy in Russia could cause serious difficulties for the company. Ritter Sport noted the importance the Russian market has for the company, which is only second to Germany. Additional concern is the price fluctuations of the international market for hazelnuts.

Assistant to the head of Russia's Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) Alexey Alexeenko said that by next Monday inspectors of the agency will start inspecting Greek enterprises that are interested in resuming shipments of agricultural supplies to the Russian market.