Russian agricultural trade and world markets

Abstract

Russia has moved from being a large importer of grain, soybeans, and soybean meal during the late Soviet period to a major grain exporter. The country has become the world's top wheat exporter, supplying 20-23 percent of total world exports in 2017-2018. This article examines how Russia's transition from a planned to a market economy that began in the early 1990s has led to substantial restructuring of its agricultural production and trade, especially in its livestock and grain sectors. The article also discusses the consequences of that restructuring for world agricultural markets, and presents outlook for Russia's agricultural trade. Another key development is that the country's livestock sector contracted by about half during the 1990s, a result being Russia became a big meat importer. However, since 2000 that sector has rebounded, and meat imports (especially of chicken and pork) have fallen considerably.