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departure of foreign brands has spurred domestic manufacturers to take up the vacant positions.
Since the beginning of the year, 16 new foreign brands of consumer goods have entered the Russian market, a record figure since 2019, NF Group (formerly Knight Frank) reported on Thursday.
In 2019, 26 new foreign retail players entered Russia, and then the number of new international companies in the country decreased every year, with 13 companies in 2020, 15 - in 2021, and only 11 in 2022.
The majority of new foreign companies on the Russian market this year are Turkish brands of clothing, footwear and household products. According to NF Group, in 2023 nine such companies joined the Russian market in the "average" and "above average" price categories. Another three companies came from Belarus. An Australian sportswear retailer, as well as companies from Kyrgyzstan, South Korea, and Estonia have also entered the Russian market.
Since 2022, the geographical origin of foreign companies entering the Russian market has changed dramatically. Previously, it was primarily retail chains from Europe and the United States that began working in the country.
9.1.6 Agriculture sector news
Russia will harvest about 140mn tonnes of grain in 2023, the second largest yield after a bumper crop of 2022, Deputy Prime Minister Viktoria Abramchenko said on October 24.
"As far as I know, 137mn tonnes of grain has been harvested as of this date, about 90 (million tonnes) of wheat... It will be a second record. Last year we had 158mn tonnes, this year we think about 140mn tonnes," Abramchenko said.
The official confirmed the export potential in the 2023–2024 agricultural year, starting July 1, 2023 and lasting until June 30, 2024, at 60mn tonnes of grain. "In general, we will confidently rank the world’s first by wheat exports," the official said.
Russia will most likely retain first place in the world in terms of wheat exports, Russian President Vladimir Putin said at a meeting of the Council of CIS Leaders.
"Last year, as you know, there was a historically record harvest - 158mn tonnes, this year it will also be very large - over 130mn [tonnes]," said, adding, "This means that our export potential remains very large. Russia will most
129 RUSSIA Country Report November 2023 www.intellinews.com