Russian farm profitability drops to 70.6% as sector margins erode

Rosstat reports the share of profitable crop and livestock farms fell to 70.6% in Jan-Jul 2026 from 77.9% a year earlier, signaling a broad margin squeeze in Russian agriculture. The decline likely reflects rising input costs, export constraints, or price pressures, though the underlying drivers are not specified. This matters as it may affect Russia's agricultural output and export capacity, with potential implications for global grain markets.