BRICS EXPANSION: DEVELOPMENT OF RUSSIAN AGRI-FOOD EXPORTS

DOI 10.32651/241-122

Issue № 1, 2024, article № 18, pages 122-131

Section: Foreign news

Language: Russian

Original language title: РАСШИРЕНИЕ БРИКС: РАЗВИТИЕ АГРОПРОДОВОЛЬСТВЕННОГО ЭКСПОРТА РОССИИ

Keywords: AGRI-FOOD EXPORTS, BRICS EXPANSION, POULTRY MARKET, GRAIN MARKET, VEGETABLE OIL MARKETS, DIVERSIFICATION OF SUPPLY GEOGRAPHY

Abstract: The study of Russian agri-food exports to the BRICS countries was carried out in several stages. At the first stage, trends in the development of Russian agri-food exports to the countries of the association were considered, taking into account sanctions; at the second stage, an analysis was carried out of the potential demand of the BRICS countries for agricultural products and an assessment of Russia’s place in ensuring this demand. Significant growth potential has been established for the supply of domestic agri-food products to the BRICS countries. At the third stage, the features of the development of the main food markets of the BRICS countries (poultry meat, grain, including wheat, vegetable oil (sunflower and soybean)), competition processes, trends in mutual trade, as well as trade with third countries, were studied, special attention was paid to the price dynamics of exports. The analysis showed that in BRICS trade, in a number of cases, there is a significant dispersion in exporter prices by destination and instability in the volume of export supplies. The study made it possible to identify and summarize a number of problems impeding the development of mutual trade, as well as formulate recommendations for the development of Russian agri-food exports to the BRICS countries.

Authors: Borodin Konstantin Grigorevich, Frolova Elena IUrevna