Support Russia Insider - Go Ad-Free!

'Russia Destined by the Heavens To Feed the Whole Planet' - Prime Minister on Russia's Ag Boom

Russian wheat exports grew by a stunning 50% last year, the largest global exporter by far, a spot the US used to hold.

MORE: Business

Russia seeks to expand its agricultural exports, ultimately seeking to feed the whole planet, Prime Minister Dmitry Medvedev said. The PM’s statement comes as the country enjoys a record surge in grain exports.

“Our country is, as they say, destined by the heavens to feed the whole planet. And we’ll try and do that,” Medvedev told journalists of Russian TV channels in a major interview aired on Thursday.

<figcaption>Russian PM Dmitry Medvedev</figcaption>
Russian PM Dmitry Medvedev

Apart from being the country’s “destiny,” the foods plainly make “nice export goods,” the prime minister added. Russia’s agriculture has expanded greatly over the past few years, becoming a solid and profitable industry, unlike the way it was a couple decades ago.

“Back in 1990s, the agriculture was called a ‘black hole’, where one should not invest, we were told we should not feed ourselves since we can purchase everything elsewhere,” Medvedev said. “Now, it feeds our whole country. We’ve reached the main goals regarding food security and we’re exporting grains, other goods to the world market.”

Support Russia Insider - Go Ad-Free!

This year, Russia has enjoyed vast growth of its agricultural exports, becoming the world’s top exporter of wheat. From January through September of 2018, exports of Russia’s wheat and meslin flour expanded by 54.3 percent compared to the previous year.

The amount of food which the county imports, in its turn, continued to shrink. Imports of grains to Russia dropped by 11.1 percent during the same period. Imports of barley have suffered an enormous decline, dropping a whopping 94 percent.



Source: RT
Support Russia Insider - Go Ad-Free!
MORE: Business

Our commenting rules: You can say pretty much anything except the F word. If you are abusive, obscene, or a paid troll, we will ban you. Full statement from the Editor, Charles Bausman.