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Agricultural Sector During the Pandemic
[Сельское Хозяйство В Период Пандемии]

Author

Listed:
  • Ternovskiy Denis

    (The Russian Presidential Academy of National Economy and Public Administration)

  • Shagaida Natalia

    (The Russian Presidential Academy of National Economy and Public Administration; Gaidar Institute for Economic Policy)

Abstract

The agricultural sector saw sustainable production amid the pandemic, growth of 1.8% over ten months. The agricultural sector’s exports are surpassing the 2019 volumes and as early as December exceeded the 2020 FP Target Indicator “Exports of the Agricultural Sector’s Products” amid stagnating imports. The depreciation of the national currency and appreciation of prices on international markets incited motivation for exporting products, which in its turn led to a rise in domestic prices. With households’ incomes falling, the government had to develop new instruments to regulate food prices.

Suggested Citation

  • Ternovskiy Denis & Shagaida Natalia, 2021. "Agricultural Sector During the Pandemic [Сельское Хозяйство В Период Пандемии]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 1, pages 24-28, January.
    • Handle: RePEc:gai:recdev:r2105
    as

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