Russia is ready to allocate RUB406 billion (US$6.5bn) to agriculture producers in the form of soft loans in the next five years to support meat exports, Russian deputy agriculture minister Sergey Levin has said. Speaking during a press conference in Moscow, Levin noted that the aim was to increase the overall value of meat exports. 

In 2018, Russia exported 289,000 tonnes (t) of meat, a rise of 19% on the previous year, according to estimates from the Russian Institute for Agricultural Market Studies IKAR. In value terms, exports jumped by more than 30%, reaching $416m.

Target markets for Russian meat are China, south-east Asia, Africa and the Middle East, Levin said. On the other hand, the complicated epizootic situation in the country continued to be a problem that needed to be addressed, before any increase in exports could be possible, Levin stressed.

Full read on: GlobalMeatNews