China has almost doubled its buckwheat purchases from Russia in eight months

Published 2024년 9월 20일

Tridge summary

From January to August, China imported significantly more buckwheat and oats from Russia than the previous year. China's import of Russian buckwheat reached $61.5 million, a 1.8-fold increase from the previous year, making Russia the leading supplier of buckwheat to China. The total import of buckwheat from seven countries, including Bolivia and Canada, was $10.7 million in August. Regarding oats, China imported $34.7 million worth from Russia, doubling the amount from the previous year, with Australia being the top supplier. The oat harvest in Russia saw a decrease in both volume and area in 2023 compared to the previous year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Moscow. September 20. INTERFAX.RU - In January-August, China imported buckwheat from Russia for $61.5 million, which is 1.8 times more than in the same period last year ($16.9 million), according to the State Customs Administration (SCA) of China. Russia is the leading supplier of this agricultural crop to China. In total, it is purchased from seven countries, in particular from Bolivia ($4.3 million over 8 months) and Canada ($3.7 million). In August, supplies increased to $10 million from $7.5 million in July. In 2023, Russia harvested 1.48 million tons of buckwheat compared to 1.2 million tons in 2022. In 2024, the area under this agricultural crop decreased by 15.1%, to 1.092 million hectares. In addition, China imported Russian oats for $34.7 million in 8 months, which is twice as much as a year earlier ($16.9 million). In total, China purchased oats in four countries during this period, ...

Source: Interfax