Domestic Economy

Tehran-Moscow Agro Turnover to Increase by 10-15% in 2022

Tehran-Moscow Agro Turnover to Increase by 10-15% in 2022
Tehran-Moscow Agro Turnover to Increase by 10-15% in 2022

The turnover of agricultural products between Russia and Iran in 2022 may grow by 10-15% compared to the previous year, Russian agricultural watchdog Rosselkhoznadzor quoted the head of the service, Sergey Dankvert, as saying in a meeting with Iran's Deputy Minister of Industries, Mining and Trade Alireza Peymanpak.
According to Dankvert, Iran has seriously increased its presence in the Russian food market since 2019. 
FGIS "Argus-Fito" said that in just eight months of 2022, it became one of the largest exporters to Russia of white cabbage (73,000 tons), kiwi (55,000 tons), pepper (37,000 tons), watermelons (36,000 tons), iceberg lettuce (19,000 tons), oranges (17,000 tons), eggplants (16,000 tons), apples (13,000 tons) and other products. 
During this period, the total delivery of fruits and vegetables to Russia reached 416,000 tons.
The presence of Iranian dairy and fish products in the Russian market is also increasing. This is while Russia exports wheat, corn and other crops to Iran.
However, the trade potential of the two countries is much wider, Dankvert said, and it should be realized on mutually beneficial and transparent conditions for suppliers of both countries. 
Russian companies, especially producers of livestock products, demonstrate an active interest in the Iranian food market.
Peymanpak has stressed Iran's readiness to further develop trade cooperation with Russia.
Iran became Russia's largest grain importer by purchasing 3.7 million tons of grain in the agricultural year from July 1, 2021, to June 30, 2022, according to a statement of the analytical company Prozerno.
"For the first three months of the new season 2021-22, exports to Iran from Russia amounted to 3.697 million tons of grain, including 3.091 million tons of wheat, 392,600 tons of barley and 215,300 tons of corn. Thus, Iran reached first place not only among the importers of Russian wheat and corn, but also in the overall standings for all grain types," the statement said.
Experts estimate that Turkey purchased 3.523 million tons of Russian grain, including 2.87 million tons of wheat, 569,200 tons of barley and 73,100 tons of corn. Egypt came in third place with 1.69 million tons of wheat, TASS reported.
The Russian Ministry of Agriculture reported earlier that grain exports in the 2021-22 agricultural year decreased by 21.3% and amounted to 13 million tons as of Oct. 14. At the same time, the volume of wheat exports for the season decreased by 18% and amounted to 11.1 million tons, barley by 34.9% to 1.5 million tons and corn by 56.5% to 0.2 million tons. According to the forecast of the Agriculture Ministry, for the current agricultural year, grain exports may amount to 45-48 million tons. In 2020-21, agricultural exports from Russia amounted to 48 million tons, including 38.4 million tons of wheat.

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