Russian govt aims to stimulate cotton, wool production

27 Jan '14

2 min read

The Russian Ministry of Agriculture has announced plans to include cotton and wool in the state program of agricultural development for the 2013-2020 period, with the aim of stimulating the production of these two goods.

According to a statement issued by the Ministry, during a recent meeting of a committee of the Russian Parliament (State Duma) on agrarian issues, the Ministry announced that it would be presenting a revised state program of agricultural development for the period up to 2020 to the Russian Government, during the first half of 2014, after making some adjustments including the revision of the federal budget to allocate these changes.

While revising the state program, the Ministry would be taking into account the instructions of the Russian Prime Minister to stimulate production of all goods linked to the textile industry including cotton and wool, in order to develop the sector.

Under the revised state program, new types of subsidies would be allocated to farmers in order to purchase fodder for their livestock, including sheep breeders, as well as allocation of grants to agricultural cooperatives in all regions of the country in order to develop infrastructure to facilitate production.

At the meeting, committee chairman Nikolai Pankov said that in order to improve the implementation of the state program at projected levels, it is necessary to reserve a fixed amount from the federal budget for the program and regular meetings need to be held.

Dmitry Yuriev, deputy head of the Agricultural Department, said the Ministry would also be preparing a national report on the implementation of the program, after analyzing the effectiveness of support measures for the agricultural sector as well as spending of the federal budget on the proposed amendments.

Through the state program, the Russian Government aims to increase agricultural production in the country, including cotton, by 20.8 percent in 2020, compared to 2012.

Fibre2fashion News Desk-India

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