19.07.2019

Russia: investments in the cereals sector

The Russian Federation’s Ministry of Agriculture feels that the national cereal harvest will rise to 150.3 million tons by 2035, having formulated a strategic plan to invest billions of dollars in infrastructures for cereals and logistics.
 
The plan will be financed by private investors, loans and government backing , and the proposal to increase investments in the sector comes after VTB, Russia’s second most important bank, controlled by the government , has acquired strategic assets for the exportation of cereals.
 
Furthermore, the objectives of the strategic plan have increased cereal production, the improvement of its quality, growth in domestic demand.
 
Source: ICE Agency