Feed China: Russian agricultural products will be allowed to enter the world's largest market

Published 2020년 11월 24일

Tridge summary

Russia and China are planning to resume negotiations to lift restrictions on food exports, with the potential to significantly increase Russian food supply to China, the world's largest market. Despite the pandemic and challenging weather conditions, Russia's 2020 agricultural year was successful with near-record grain harvests and increasing meat production. Food exports to China have seen steady growth, reaching $ 3.2 billion in value in the first ten months of 2020, with meat exports, especially poultry and pork, increasing significantly in the past year. However, China's import policy is selective and restrictive, with a history of banning Russian wheat imports since 1976 due to concerns about product quality. Efforts to lift these restrictions have seen some success, with regions in Western Siberia and the Far East being permitted to export grain and soybeans as of 2019, but the process remains slow due to China's protective trade policies and quality concerns.

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

Original content

Russia and China are resuming negotiations on lifting restrictions on food exports, said Deputy Minister of Industry and Trade of the Russian Federation Alexei Gruzdev. In the future, this will significantly increase the supply of Russian food to one of the largest markets in the world. Now Russia is increasing deliveries to China almost every year, but this is still a tiny fraction compared to its gigantic potential. However, lifting the restrictions will not be easy, as the Chinese are extremely demanding about foreign food imports and are ready to issue permits only when necessary, experts say. Details - in the material "Izvestia". Despite the pandemic and difficult weather conditions in some regions of Russia, the 2020 agricultural year turned out to be quite successful for the country. Grain harvest was at a near-record level - about 137 million tons of grain were harvested, including 88 million tons of wheat. The data is in bunker weight, so the total figures will be lower, ...

Source: Oilworld