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Home CHINA RUSSIA NEWS

Russia projected to overtake Switzerland in chocolate exports by end of year — RT Business News

by 198 China News
August 7, 2021
in CHINA RUSSIA NEWS
3 min read
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Russian exports of chocolate surged practically 20% to start with of 2021, setting the nation heading in the right direction to beat the world’s favored chocolate maker Switzerland by the yr’s finish.

“Russian exports of chocolate and chocolate items elevated by 18.6% by the tip of Q1 2021 in quantity phrases and by 11.8% in worth phrases year-on-year.

“Contemplating the present dynamics specialists mission that Russian producers will surpass Swiss [producers] when it comes to chocolate and chocolate items exports by the tip of 2021,” the Askond Affiliation of Confectionery Producers stated in an announcement issued on Wednesday. The agency warned, nevertheless, that so as to keep the regular enhance in chocolate deliveries overseas, producers want broader state assist.



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Russian agriculture exports surge 16% this yr amid big enhance in deliveries to Europe


“Many international locations defend their home markets, creating difficulties for international producers of confectionery merchandise. Subsequently, the additional progress of curiosity in Russian chocolate might be troublesome to make sure and assist solely by the forces of the trade. [Therefore] it’s needed to mix efforts of producers and focused state assist,” Vyacheslav Lashmankin, government director of Askond, stated.

In keeping with knowledge from the World Commerce Group’s (WTO) Commerce Map and commerce statistics platform UN Comtrade, Russia was eleventh within the international ranking of exporters of chocolate merchandise in 2020. Its exports amounted to $729.2 million, reaching 295,700 tons, whereas Switzerland was tenth, with 109,800 tons price $753 million.



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On the home entrance, earlier this yr, Russian antimonopoly watchdog FAS launched a case in opposition to Swiss chocolate producers Henkel, Lindt, and Procter & Gamble, claiming that the merchandise they ship to the Russian market are of decrease high quality than these bought in western Europe. Nevertheless, it was later reported that FAS didn’t discover any violations within the high quality of Lindt merchandise, and that whereas variations in high quality exist, they seem like as a result of seasonal traits of pure uncooked supplies, milk, and cocoa beans.

For extra tales on economic system & finance go to RT’s enterprise part

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Tags: BusinesschocolateexportsNewsovertakeprojectedRussiaSwitzerlandyear
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