Experts Of Russia's Far East Say Connection Between Drop In Vegetable Prices, Import Substitution - Weak Or Nonexistent22 April 2016
Russia's Central Bank released data about an unusual drop in vegetable prices from February to March of this year by 1.3%. However, market participants and experts in regions of Russia's Far East think that the cause of the drop in vegetable prices is nothing mysterious or unusual. In fact, they argue that it's due to the normal cycle of trading seasonal produce.
According to Russia’s Federal State Statistics Service (Rosstat) the total harvest volume of fruit and berry production at orchards of agricultural organisations in 2015 dropped by 5.1 percent on the year to 612.5 thousand tonnes. The average amount harvested per hectare of land, however, grew by 13.3 percent – 9.7 tonnes per hectare.
Holding company Belaya Dacha plans to sign a corresponding agreement during the first quarter of the year to start work with a new investment partner, the company's founder, Victor Semenov, confirmed several months ahead of concluding the agreement.
Head of the Department of Plant, Chemicals and Plant Protection of Russia's Ministry of Agriculture Pyotr Chekmarev reported at all-Russian agronomic meeting earlier this week that the value of Russia's exports of domestic products dropped to US $9.7 billion in 2015.
The end-year yield of various types of vegetables harvested in 2015, according to Russia's Ministry of Agriculture (Minselkhoz), was 16.1 million tonnes, 12.3 percent higher than the yield results of 2014 when the total yield amounted to 15.5 million tonnes.
Every year, Russian potato farmers expend effort and energy to fight off insect invaders, and sometimes these efforts are in vain. However, researchers in Ufa have possibly turned up a more effective, as well as ecological way, to battle these pests without chemicals.
Between December 1 – 5 specialists of Russia's Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) together with Dutch inspectors will visit the Netherlands to evaluate the feasibility of resuming supplies of seed potatoes.
The agency's forecast of a $2.3 billion profit – a 25 percent increase over the previous season - is attributed to the country's ability to domestically grow its own exports, Vladimir Grakun, deputy minister of Agriculture and Food of Belarus, said during a press conference.