EAEU projected to become self-sufficient in meat, poultry in 2020
The members of the Intergovernmental Council approved the joint agriculture development forecasts, balances of supply and demand for agricultural products, food and some kinds of raw materials for the light industry in 2019-2020.
“The Eurasian Economic Union is self sufficient in grain, sugar, vegetable oils, eggs, lamb meat.
“In 2019-2020 the union can achieve full self-sufficiency in pork and poultry meat,” Aleksandr Subbotin said.
At the same time work is in progress in other areas: the EAEU is 43% self-sufficient in fruits, 90% in beef, 95% in vegetables, 96% in potatoes, 98% in milk.
“We see the areas where we need to step up efforts,” he added.
It is expected that the joint agriculture development forecasts and the balances of supply and demand will be one of the mechanisms to prevent barriers and to remove them as foodstuffs move across the borders.
“We look where there is overproduction, where we can redirect it, where it is best to set up new manufactures,” the minister noted.
For example, in Belarus there is a surplus of milk which may be redistributed to regions with shortages.
According to him, the joint agriculture development forecasts and the balances of supply and demand for agricultural products will become the basis for more efficient planning of output and trade.
One of the goals is to replace imports and advance to the markets of third countries.
Aleksandr Subbotin noted that the document has balanced the trade between the EAEU member states based on the principle of domestic trade trumping foreign trade.
According to the forecast, in 2020 the agricultural production in the EAEU will increase by 3.7% in terms of value (in USD) over 2017.
Mutual trade is projected to go up by 24%, exports to third countries by 19%.
Imports are expected to increase by 3.2%.
As a result, foreign trade deficit will drop from $9 billion to $5.9 billion.
Export of pork is projected to grow 3.6 times to 220,000 tonnes in 2020, that of poultry 2.7 times to 330,000 tonnes, eggs – 1.6 times to 1,5 billion pieces, vegetable – 1.6 times to 710,000 tonnes, dairy products - by 19% to 640,000 tonnes, vegetable oil - by 12% to 3.3 million tonnes.
Import of dairy and pork is forecast to go down 2.3 times to 1.4 million tonnes and 130,000 tonnes respectively, poultry - by 16% to 230,000 tonnes, vegetables – by 19.5% to 2.5 million tonnes, sugar - almost five times to 23,000 tonnes.
Balances of supply and demand include agricultural products and foodstuffs: grain, meat and meat products (beef, pork, lamb, poultry), milk and dairy, potato and related products, eggs and egg products, vegetable, gourds and related products, fruits, berries and related products, sugar, vegetable oils; raw materials for light industry such as flax, raw hides, cotton yarn, wool. ■