The Russian Federation – State of the Market

Friday, March 5th, 2010 Featured News, News by Cynthia Beck

Russia has become one of the world’s most dynamic markets for a range of consumer goods and services. Its impressive growth in recent years has important implications for Canadian agri-food exporters. The Russian Government approved a US$41 billion program for the development of agriculture to increase Russia’s self-sufficiency in food, sustain rural development, increase rural employment, and improve rural living standards. Russian officials expect agricultural production to increase by 20% between 2008 and 2012 as a result of the program. As one of the targeted areas, meat production has created multiple opportunities for Canadian exporters of live animals and animal genetics.
Read the full report as prepared by the Government of Canada.