Russia Could Become Net Food Exporter in 2017

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Food exports from Russia could exceed imports this year, RNS reported, quoting a report titled “Trends and Challenges of Socio-Economic Development” that was prepared by analysts from the Gaidar Institute for Economic Policy, RANKhiGS and the All-Russian Academy of Foreign Trade.

"In 2017, Russia has a chance to become a net food exporter," the report said, with the key factor being domestic producers' competitive advantages.

In addition, analysts believe that it's necessary to increase the export of traditional products such as grains and vegetable oil, and to supply new types of export products like poultry, pork, sugar and others.