Country risk survey monitoring political and economic stability of countries around the globe
EuromoneyFXNews.com

EuromoneyFXNews.com

Sign up to receive free alerts from our new foreign exchange news service

May 2008

Russian commodities: Giving investors food for thought

by Guy Norton

A plentiful supply of cheap, high-quality farmland means Russia may become key in the drive to solve global food shortages.


Black Earth Farming – leader of the revolution?
Russia builds a future for wheat 

Given a plentiful supply of cheap, high-quality farmland, is Russia poised to become a key player in the drive to solve looming global food shortages? Guy Norton reports from Moscow.

THE SOCIO-ECONOMIC dislocation of the 1990s wrought widespread havoc in the Russian countryside and relegated agriculture to a bit part role in the country’s unfolding financial drama. Before the break-up of the USSR in 1991, agriculture in Russia was a big industry, accounting for 15.3% of GDP. As of last year that figure had slumped to just 4.4%.

But given surging soft commodity prices across the globe and recent political upheaval in countries such as Haiti and Egypt as a result of soaring food prices, Russian agriculture could enjoy a dramatic reversal of fortune.

"Food security is now as big an...


The rest of this article is available to subscribers only

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.