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Russia

Welcome to the price transmission page for Russia. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Russia

Historic Warnings per Commodity

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Background information

The largest country worldwide transformed from a centrally-planned to an open-market economy since the collapse of the Soviet Union. Despite major privatizations, key sectors such as energy or banking remain in state control. With its abundant natural resource wealth, Russia ranks among the world's leading producers of oil and natural gas. It moreover is a major exporter of metals. Therefore, high income Russia is heavily dependent on world commodity prices. Current efforts by the government include the strengthening of the internal market.

Despite the variety of landforms, the majority of the land area lacks adequate soils and climates suited for agriculture; e.g. permafrost poses a hindrance. Nevertheless, Russia transformed from a grain importer to the third largest grain exporter. Approximately one-eighth of the land area is used as agricultural land for grain, sugar beets, sunflower seeds, vegetables or fruits. Roughly one-tenth of the labor force is employed in this sector. Russia is moreover a major fish supplier.

The tenth most populous country worldwide comprises nearly 200 ethnic groups. Receiving a score of 0.798 in the HDI (2014), the former one-party state ranked among the countries with a high human development. In terms of the GHI (2015), Russia improved with now only 0.7% of the population being undernourished. The recent recession led to increased poverty rates: every one of eight was living below the national minimum subsistence level in 2015.