Particle.news

Download on the App Store

Putin Acknowledges Severe Potato Shortfall as Prices Surge Over 160%

The agriculture ministry says summer planting will ease supply constraints after imports from Egypt, China, Belarus provided a temporary reprieve.

Image
Die Obstabteilung in einem Supermarkt in Moskau
DIESES FOTO WIRD VON DER RUSSISCHEN STAATSAGENTUR TASS ZUR VERFÜGUNG GESTELLT. [RUSSIA, ROSTOV-ON-DON - FEBRUARY 9, 2023: A customer shops for potatoes at a Magnit supermarket. Erik Romanenko/TASS]

Overview

  • Russia’s potato prices have jumped more than 160 percent year-on-year after a late frost and reduced planting cut 2024 output by roughly 12 percent.
  • Spring imports from Egypt, China, Pakistan, Mongolia and Belarus have tripled to offset domestic shortfalls and relieve record retail costs.
  • Military mobilization for the Ukraine conflict has drained farm labor, compounding planting and harvest challenges.
  • President Putin publicly admitted “too few potatoes” this year as Agriculture Minister Oksana Lut pledged a harvest boost and Belarus lifted import bans to support Russia.
  • Officials plan to expand cultivation areas ahead of the summer crop to rebuild domestic supply and ease the burden on low-income and elderly households.