Eugene is a freelance journalist writing for IEG Policy and IEG Vu. He covers multiple agri-food sectors and has a deep knowledge of the markets and the agri-politics of Russia and the CIS countries.
Are you sure you'd like to remove this alert? You will no longer receive email updates about this topic.
Latest From Eugene Vorotnikov
Igor Mukhanin, president of the Association of Gardeners of Russia told IEG Vu in an exclusive interview that imports continue to account for about 90% of the Russian market both in volume and value terms, despite statements by state and private sector representatives that replacements for imported products are already under way.
Vladimír Pukis, Fanagoria’s spokesman, said in an exclusive interview to IEG Vu that Q1 production this year had risen by 5% to 484,400 decalitres, a good figure for the Russian wine market which is traditionally dominated by spirits and where wine has never been a best-selling drink. The company plans to improve on its last years’ results, when its total production amounted to 2.2 million decalitres.
Maxim Novikov, head of the Russian Union of Producers of Soft Drinks and Mineral Water, told IEG Vu that the functional beverages sector has the biggest future growth potential in Russia. This is mainly due to the increased interest in the sector by domestic Russian producers.
Deka’s financial performance seriously deteriorated in 2017 after its kvass sales dropped sharply during the abnormally cold summer of 2017. The entire Russian kvass market fell by 20% that year, according to A C Nielsen, and Deka is blaming this decline for its problems.
Zjhara is produced by the German brewery Darguner Brauerei GmbH, which also makes wine drinks, soda and other energy drinks. The new drink costs RUB55 (USD0.90) per 250ml bottle.
Russia may now ban imports of canned meat and fish, eggs, olives, fruit juices and jams, according to recent statements by some senior state officials and importers, in response to a potential new wave of EU and US sanctions.