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
Russia harvested over 134 mln tonnes of grains - Ministry of Agriculture
In October 2017, Russia to break another record of monthly grain exports - Rusagrotrans
In the third week of October, the Russian seaports slightly decreased grain export volumes
In January-August, Russia exported over 22 mln tonnes of grains - Rosstat
Russia exported over 14 mln tonnes of grains - Ministry of Agriculture
Kernel acquired 200 mln USD loan to increase sunflower oil production in Ukraine
October 20, 15:30
In the first quarter of 2017/18 MY, Bangladesh took the 4th position in Russian grains and oilseeds imports
October 20, 13:00
Russia almost completed the harvesting campaign of wheat
October 20, 12:00