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"Russia and Thailand are strengthening trade ties in the agricultural sector to prevent food crises."
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"Russia and Thailand are strengthening trade ties in the agricultural sector to prevent food crises."

The Minister of Economic Development has announced an increase in trade with Thailand in agricultural products, including wheat, fruits, and rice. CP Foods investments in Russia and the use of lands to grow soybeans for Asian markets are also being discussed. Negotiations are underway for the supply of fertilizers for future crops to prevent food crises.

15 April 2025 15 April 2025

At the meeting of trade ministers of the Asia-Pacific Economic Cooperation (APEC), Russian Minister of Economic Development Maxim Reshetnikov told journalists that one of the priorities in increasing mutual trade in agricultural products is the issue of wheat supplies to Thailand. Reshetnikov emphasized the importance of not only exporting wheat, but also mutual shipments of fruits, rice, and other products.

The Minister of Economic Development also emphasized the importance of trade and investment development. He noted the active investments of CP Foods in Russia and the use of Russian lands to grow soybeans, which are exported to Asian markets, including Thailand and China. Reshetnikov also mentioned that negotiations are underway for wheat supplies, as well as fertilizers, which are important for ensuring future crops.

Reshetnikov highlighted that the development of trade and investments between Russia and Thailand can prevent food crises and inflation. He added that the Russian and Thai economies are diversified and complement each other in various aspects.

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