Grain deal with China will accelerate the development of the domestic agro-industrial complex

A new contract for the supply of grain to China will open up new export markets for Russia and become an incentive for domestic producers. This opinion was shared in an interview with URA.RU by the ex-director of the Analytical Center of the Ministry of Agriculture of the Russian Federation, head of the “Smart Supply Chains” segment of the Foodnet market of the National Technology Initiative-2035, Sergei Kosogor.

“The signed contract is an important event for domestic agricultural producers, who receive an incentive to produce grain. Also, building your own logistics in the process of implementing a grain deal can create the preconditions for the development of long-term economic ties in Southeast Asia. This means that we can talk not only about five million tons of grain for China, but also in general about building a new path that, like a “vacuum cleaner,” will take away even more goods,” Kosogor said.

According to him, exports are a very important tool for the development of domestic agriculture. “The opening of export markets is the saving path that will help our agricultural sector move forward. Working only for the domestic market will not ensure long-term development,” the expert added.

Earlier, at the international export forum “Made in Russia 2023,” Russian Prime Minister Mikhail Mishustin called China “Russia’s largest foreign economic partner.” From January to July 2023, trade turnover in value terms with China increased by almost a third, the head of government said.