Russia plans to export up to 60m tons of grain this year

A combine loads a truck with harvested wheat on a field in Krasnodar region, southern Russia, July 1, 2022. Russia is the world's biggest exporter of wheat, accounting for almost a fifth of global shipments. Agriculture is among the most important industries in Russia, accounting for around 4% of its GDP, according to the World Bank. (PHOTO / AP)

ST. PETERSBURG – Russia plans to export up to 60 million tons of grain in the current agricultural year, Russian President Vladimir Putin said at a meeting on spring fieldwork on Thursday.

Putin said that by the end of the agricultural year 2022-2023 (from July 1, 2022 to June 30, 2023), Russian grain exports are expected to reach about 55 to 60m tons

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According to a press release issued by the Kremlin, Putin said that by the end of the agricultural year 2022-2023 (from July 1, 2022 to June 30, 2023), Russian grain exports are expected to reach about 55 to 60 million tons.

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Putin noted that despite the barriers in foreign trade, Russia was able to increase the export of agro-industrial products to 41.6 billion US dollars last year. In general, the development of the Russian agro-industrial complex shows a positive trend.

Russia is one of the key suppliers of agricultural products in the world. According to the Russian Ministry of Agriculture, in the agricultural year 2021-2022, Russia exported 38.1 million tons of grain, including 30.7 million tons of wheat.