Template-type: ReDIF-Article 1.0
Author-Name: Ternovskiy Denis
Author-Workplace-Name: The Russian Presidential Academy of National Economy and Public Administration
Author-Name: Shagaida Natalia
Author-Workplace-Name: The Russian Presidential Academy of National Economy and Public Administration; Gaidar Institute for Economic Policy
Title: Agricultural Sector During the Pandemic
Title: Сельское хозяйство в период пандемии
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.
Keywords: agricultural sector, AIC, food products, food prices, food prices regulation, pandemic
Journal: Russian Economic Developments
Year: 2021
Issue: 1
Month: January
Pages: 24-28
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2105.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2105