Russia: in 2013 the profitability of agricultural production lowered by 5.3% - N.Fedorov
In 2013 the profitability of crops production in agricultural enterprises of Russia decreased to 9.3% as opposed to the previous year index of 14.6%, declared Nikolai Fedorov, Minister of Agriculture of the Russian Federation, on April 8.
He also clarified that the reporting index is formed taking into account provision of the government subsidies to agrarians.
If we do not take into account government subsidies, by the end of 2013 we would have a loss ratio of 1.7 % ," - said the Minister.
N.Fedorov noted that the Ministry expects for the profitability index in 2014 at 10%. The Minister stressed that the high credit debt load of agricultural producers, which continue growing, is one of the causes negatively affecting the profitability of agricultural production.
The situation is complicated by the inability to modernize crops production, apply innovative technologies which affect competitiveness of the Russian agricultural commodities, said the Minister.
You should be authorized to post comment
In July 2017, Russia to export nearly 2.5 mln tonnes of grains - Rusagrotrans
Growing of agricultural exports is the development priority for the Russian agro-industrial complex - Ministry of Agriculture
June 23, 10:20
Organization of large-scale supplies of Russian wheat to China requires some time - COFCO
June 22, 14:00
In January-April of 2017, Russia exported over 10 mln tonnes of cereal crops - Rosstat
June 22, 11:25
In January-May of 2017, Russia increased agricultural production - Rosstat
June 21, 12:00
Russia: as of June 1, grain stocks totaled over 18.5 mln tonnes – Rosstat
June 21, 11:00
In June, Turkey to become the main destination for Russian grain exports - Rusagrotrans
June 20, 15:00
As of June 1, Russia planted spring grains and pulses throughout 27.1 mln ha – Rosstat
June 20, 11:00
In January-May, Russia decreased flour production, and increased sunflower oil production – Rosstat
June 20, 10:00