Price: $ 1295
BMI View: We are very positive about growth potential in the Russian agricultural sector and see tremendous opportunities in the grains and dairy segments in particular. We view the livestock sector positively as well, even though the dominance of the market by domestic players and the high barriers to entry could limit investment and productivity gains in the medium term. WTO entry has not triggered major changes in government support to the sector, but we expect a small reduction in the overall budget allocated to the sector. Combined with lower farmers' income from the subdued 2012/13 season, this could limit the recovery in 2013/14. Grains And Dairy The Main Commodities Russia - BMI Market Value By Commodity (% of total) Note: The BMI Market Value is an addition of all domestically ...
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