MarketLine Blog

Posts tagged to food production

Russian agriculture: Sanctions to create an agricultural superpower?

MarketLine

Following the Western penalties imposed on Russian companies in 2014, the Russian government responded with countersanctions, banning imports of many western food products. This encouraged import substitution and made Russian exports more competitive, thus showing that despite the poor state of east-west relations, there are plenty opportunities to be found in the Russian market. The Russian government, with an already set goal to diversify its economy which is heavily dependent on energy exports, has provided RUB215bn ($3.2bn) for the development of the agricultural sector, resulting in sudden and significant growth…. Read more

Industry Analysis – Food Retail

MarketLine

Introduction Despite the financial differentiation of wealth in the continents the food retail industry is almost equally spread between Americas, Europe and Asia-Pacific. This is due to food production surpluses in North America, Australia and Western Europe that the global food market is close to equilibrium. The global food retail industry grew by with compound annual growth rate (CAGR) of 4.8% over last five years, to reach a value in excess of $5.5tn. The greater amount of food is being sold by Supermarkets and Hypermarkets, with the distribution share of… Read more