INVESTMENT PORTAL
OF RUSSIAN REGIONS
0%
LOADING DATA
Dmitry Sergeyev: “We see great potential for the development of both trade and investment projects with African countries”

Expert opinion

Dmitry Sergeyev: “We see great potential for the development of both trade and investment projects with African countries”

Release date: 15 October 2019

Topics:

Investment climate

Agriculture

Africa

Grain crop consumption in African countries has increased significantly over the past decade. The growth in grain output is still lagging behind demand due to the complex agro-climatic conditions in the region. Approximately 35% of the grain on African markets is imported (grain consumption amounted to about 268.6 million tonnes in the 2018–2019 season, while imports amounted to roughly 90 million tonnes).

The Russian Federation is a regular trading partner for several African countries (the three leaders in the 2018–2019 season were: Egypt — 6.7 million tonnes, Nigeria — 1.35 million tonnes, and Sudan — 1.12 million tonnes) and handles roughly 10–15% of their grain demand. This figure stood at 15.2% in the 2018–2019 season.

United Grain Company JSC is the largest trade and logistics operator for agricultural products with state participation in Russia. The company focuses on expanding grain and legume exports and developing infrastructure both on the domestic and foreign markets. Depending on the shipment season, United Grain Company exports up to 700,000 tonnes of grain to African countries, or 50–75% of the company’s total exports.

As part of its long-term development programme, United Grain Company plans to increase the transhipment capacity of its deep-sea grain terminal in Novorossiysk and also set up an efficient logistics network from the fields to the vessel that is managed as part of a single complex. As a result, large quantities of grain will be delivered through the Azov-Black Sea basin within the timeframe clearly stipulated in contracts.

The company sees great potential for the development of both trade and investment projects with African countries and expects to expand the borders of the Russian-African partnership.

All analytics

Analytics on the topic

All analytical materials
It’s up to each person to find something that all humanity has in its soul

28 May 2018

It’s up to each person to find something that all humanity has in its soul

Marco Tronchetti Provera, CEO Pirelli & C SpA, Exclusively for SPIEF.
READ
Doing Business in Russia: Your Roadmap to Successful Investments

12 February 2019

Doing Business in Russia: Your Roadmap to Successful Investments

This publication by KPMG provides an overview of key tax and legal issues that are important for those planning to do business in Russia, and clarifies specific aspects of the...
READ
“We need trust between industry leaders for the successful development of the energy industry”

17 June 2020

“We need trust between industry leaders for the successful development of the energy industry”

Shortly before the conference ‘COVID-19: Accelerating a better energy future for all’, which is set to take place on 17 June as part of a series of online events under...
READ
Place Of Power

3 June 2019

Place Of Power

Russia has developed an entire system of significant international conventions and exhibitions attended by influential politicians, business people and opinion leaders from more than 190 countries. Forums are a great...
READ