SPIEF 2024
The 2024 edition of the St Petersburg International Economic Forum (SPIEF) takes place from June 5 to 8. The theme of this year's event is “The foundation of a multipolar world - forming new points of growth”.

Export of Agro-Industrial Products From Russia to Africa in 2023 Grew by Quarter: Minister

© Sputnik . Alexander Galperin / Go to the mediabankA grain elevator in the Zaporozhye region
A grain elevator in the Zaporozhye region - Sputnik Africa, 1920, 06.06.2024
On June 5, the St. Petersburg International Economic Forum (SPIEF 2024) kicked off in the Russian city of St. Petersburg, bringing together high-level Russian and foreign government officials, including heads of state, as well as business representatives from around the world. Sputnik is the forum's media partner.
Exports of agro-industrial products from Russia to Africa in 2023 grew by a quarter compared to the previous year and amounted to almost $6 billion, said Russian Deputy Minister of Agriculture Sergey Levin during a session at the ongoing St. Petersburg International Economic Forum (SPIEF 2024).

"Last year, our exports to Africa grew by a quarter and almost reached $6 billion, 80% of which is wheat," Levin said.

 - Sputnik Africa, 1920, 05.06.2024
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He added, "What is interesting here is that we are also increasing our food purchases in Africa, and for the same last year we already exceeded the level of $2.1 billion, importing everything that does not grow in our country, such as fruits, vegetables, and cocoa beans, and we intend to develop this further."

"The dynamics of this year emphasize this fact because we have already traded with each other about $3 billion or even more in January-April 2024," Levin continued.

According to the minister, Africa is becoming an increasingly important market.