Ag Machinery Sales in Russia Improve

The investment freeze in Russian agriculture is thawing, thanks to this year’s good harvest and government subsidies, tractor-dealer Ekotechnika said.

The group recently reported a rise in profits following increased farmer spending in Russia, with a sharp increase in tractor and combine harvester sales.

Ekotechnika is the German holding company for EkoNiva Group, the largest dealer of foreign-branded tractors in Russia, particularly Deere products.

EkoNiva’s tractor sales are up by around one third so far this year, with sales of combine harvesters up by two thirds.

Russian farmers have benefited from a record large wheat harvest during a time in which the weak rouble makes Russian supplies very competitive in the world market.

Source: agrimoney.com