The EEC forecasts an increase in agricultural production in dollar terms in 2021 by 12.2%

Источник: The DairyNews
The EEC forecasts an increase in agricultural production in dollar terms in 2021 in the whole Union by 12.2%, reported in the press service of the organization to The DairyNews.

On October 9, the Eurasian Intergovernmental Council adopted the joint forecasts of development of agriculture, the balance of supply and demand of the member States for agricultural products, foodstuffs, flax fiber, leather raw materials, cotton yarn and wool for 2020-2021 years developed and agreed upon by the member States of the Eurasian Economic Union. It is the fifth forecast period in terms of the EAEU.

Joint forecasts are a system document for the development of the agro-industrial complex, which is aimed at ensuring the balance of the common market, using the potential of the member States to develop mutual trade, and orienting businesses to create new industries based on the prospects for the development of the common market.

According to the forecast, in 2021, compared to 2018, agricultural production in the Union as a whole in dollar terms will increase by 12.2%, mutual trade will grow by 15.8%, exports to third countries will grow by 11.5%, imports will decrease by 12.2%, as a result of which a positive foreign trade balance of 1.1 billion US dollars is projected. It is expected to increase exports of beef – 15 times, pork – 1.9 times, lamb – 1.5 times, poultry and potatoes – 1.8 times, vegetable oils – by 36%, vegetables – by 24%.

Due to the growth of mutual supplies, grain imports are projected to decrease almost 5 times compared to 2018, to 54 thousand tons, potatoes – 2.2 times, to 0.6 million tons, dairy products – by 30%, to 1.9 million tons, meat products – by 13%, to 0.7 million tons, vegetables – by 20%, to 2.3 million tons, eggs – by 15%, to 302 million pieces.

The Union fully meets the domestic demand for grain, sugar, vegetable oils, pork, eggs and lamb at the expense of its own production.

In the forecast period, the Union can achieve full self – sufficiency in potatoes and poultry meat, milk and vegetables, this figure will be 98%, beef - 92%. At the same time, in the near future, the Union will maintain a low level of self-sufficiency in fruit (45%), which sets an important vector for further work on the development of horticulture in the EAEU.

Read more at © DairyNews.ru   https://www.dairynews.ru/news/eek-prognoziruet-uvelichenie-proizvodstva-selkhozp.html

 

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