China-Russia grain corridor to help Beijing protect food security and boost agricultural trade

Published 2023년 6월 8일

Tridge summary

China's increased purchases of Russian grain and fertilizers, facilitated by the New Land grain corridor, could lead to a decrease in market share for major agricultural exporters like Australia and the US. The corridor, which aims to improve infrastructure and transportation, could diversify China's agricultural imports, reducing reliance on traditional suppliers and increasing the supply of Russian wheat and other agricultural products. The partnership could also attract more Chinese agro-investment to Russia's Far East and provide a more secure food supply chain by diversifying import sources. This could challenge the dominance of the US and Australia in regional wheat and barley markets, increasing China's role in global and regional food trade and security.

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

Original content

An increase in Chinese purchases of Russian grain and fertilizers could lead to major agricultural exporters such as Australia and the US losing ground to Russia. Dr. Zhang Hongzhonu and Genevieve Donnellon-May published an analysis on the development of Russian-Chinese relations in the food and agricultural sector on the South China Morning Post portal: “In May this year, Russia announced that it would increase grain exports to China through the New Land grain corridor. Proposed by Beijing back in 2012, the corridor aims to develop infrastructure and increase grain production, connecting Russia's Far East with Inner Mongolia in northern China. In June 2022, the Russian group of companies New Land Grain Corridor and state-owned Chinese international investment company Chengtong signed an agreement to work together on a project with a focus on settlement of transactions in national currencies. And in September 2022, a grain railway terminal was opened in Zabaikalsk, near the ...

Source: Agroxxi