Welcome to the price transmission page for Belarus. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.
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Belarus experienced a period of stable economic growth at a constant average pace of 10% per year in the period 2004-2008. However, a slowdown in the more recent years has been observed in line with the Great Recession. As a former URRS member Belarus has inherited a well-developed, though now outdated industrial base. Moreover, the country has historically been dependent on preferential agreements regarding Russian energy and markets. The upper middle income country has an above average income.
The agricultural sector is mainly composed of large state-owned enterprises and employs one-tenth of the total labor force. The private sector is represented mainly by subsistence farming (one-fifth of the total agricultural output), while farm enterprises produce only about 1.5% of the total agricultural output. Agricultural land is fully state-owned, while enterprises and farmers have to rent it. Main crops produced in Belarus are cereals, potatoes and vegetables. However, the structure of crop production is not stable and significantly exposed to change in prices. The country needs to rely on imports on for 1.4% of total domestic cereal consumption. Foreign trade in agro-food products displays a surplus mostly generated by exports of dairy products to Russia.
Belarus scored 0.798 in the HDI (2014) corresponding to a high human development level, even though it is estimated that one-twentieth of children under five were malnourished during the period 2008-2013.