Investment in infrastructure and processing will make the Far Eastern Federal District’s agricultural industry more competitive, both domestically and in terms of exports
The development of infrastructure is probably the most critical element in terms of enabling the Far East’s agricultural sector to fully capitalize on the potential afforded by its climate and increase production — Sergey Levin, Deputy Minister of Agriculture of the Russian Federation.
The key issue is investment – long-term investment in storage facilities and logistics. We need 10–15-year investments, and Sber is in a position to offer these. <...> This is also vital for unlocking export potential — Vladimir Sitnov, Senior Vice President, Sberbank.
These are investments related to processing, including the processing of products which are in demand in key markets. <...> A crucial element which is still not being properly discussed – although the ministry is already giving thought to it – is putting logistics in place in target sales markets. Our competitors do this – it is a normal thing to do — Ilya Strokin, Director of the Agribusiness Center of Excellence, KPMG in CIS.
We need to increase the amount of land being used, increase crop yield, and at the same time build capacities to be competitive on the market. You cannot just have one large processing company – they will dominate the market, which will be pointless for crop growers — Denis Tsesarenko, Founder, Teros LLC; Founder, Sporos LLC.