The state of the Russian grain market

A. M. Agapkin () and I. A. Makhotina ()

International Trade and Trade Policy, 2021, vol. 7, issue 3

Abstract: Grain production determines the stable functioning of the food market and the economic security of Russia. The authors present an assessment of the results of the analysis of the cultivation and sale of grain crops in the Russian Federation, show the dynamics of the Russian grain market and determine the prospects for its development in comparison with world grain producers. A decrease in the dependence of this market on the negative impact of external factors was revealed. It is noted that the domestic demand for grain crops tends to decrease, while the export remains at a high level. In this regard, the role of grain as a strategic export commodity for the Russian Federation is increasing, which has a significant impact on the economy as a whole and the budget of the Russian Federation in particular. At the same time, the Government of the Russian Federation uses various mechanisms for regulating prices for grain crops, such as curbing grain exports with tariff quotas. The article also presents data on the volume of world grain production over the past ten years, analyzes the structure of production by types of grain crops. Based on the given forecasts of the FAO and the International Grain Council (IGC) regarding the production and consumption of cereals in the world in the next two years, the authors assume an increase in the export potential of Russia, primarily wheat. The study used general logical methods: analysis, synthesis, generalization, induction.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2021:id:473

DOI: 10.21686/2410-7395-2021-3-133-148

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