South African companies look at export opportunities in Russia

Currently, a South African business delegation is in Russia to take part in the World Food Moscow fair. Its goal is to seek export opportunities in that country's agro-processing market, the department of trade and industry said on Monday.

South Africa's foreign economic representative in Russia, Moloko Leshaba, said it was a key market for the country's fresh fruits exports, with growth seen in several products including rooibos, honey bush tea and spices.

"South Africa has continued to see positive growth in exports to the Russia in a number of products. Bottled wines have been growing at more than 10 percent in the last four years, increasing the number of South African wine brands in the country," Leshaba said.

"Russia is actively looking for alternative suppliers of food and beverages to mitigate the effects of sanctions. South African companies have the opportunity to expand into a receptive market."

As described by allafrica.com, Russia has, in the last two years, invested significantly in the food production industry as part of its import substitution initiative. Fresh Plaza 

 


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