Hong Kong increases purchases of coastal soybeans

In 2023, over 400 thousand tons of soybeans were exported from Primorye to the countries of the Asia-Pacific region. This is a notable achievement of the region’s agricultural producers, who made a significant contribution to the implementation of the national project “International Cooperation and Export.” According to the Ministry of Agriculture of the Primorsky Territory, citing data from the Federal Customs Service, last year farmers in the region exported about 418 thousand tons of soybeans worth approximately $217 million. “The main volume, 96.4%, comes from China - about 403 thousand tons, as well as the Republic of Korea - 10.1 thousand tons and Hong Kong - 4.8 thousand tons. It is worth noting that in 2022, soybean exports to Hong Kong amounted to only 426 tons,” the department reports. Experts clarified that due to sanctions from unfriendly countries, soybean exports from the Primorsky Territory decreased by 43% in value compared to the previous year. However, despite ...