Since the beginning of the year, China has increased imports of Russian rapeseed by 17 times

Published 2023년 10월 19일

Tridge summary

Russian grain exports to China have more than tripled since the beginning of 2023, making China one of the top five countries importing Russian grain. The increase in exports is mainly driven by soybeans, peas, corn, flax seeds, rapeseed, barley, and oats. The success of joint collaboration between Rosselkhoznadzor and the General Administration of Customs of China has led to an annual expansion of the grain types and Russian regions allowed to supply the Chinese market, with efforts underway to further increase export potential.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

There is also an increase in shipments of flax and cake from the Russian Federation to the Celestial Empire. Exports of Russian grain products to China since the beginning of 2023 have increased more than three times compared to the same period last year, Rosselkhoznadzor reports. “The People’s Republic of China is now one of the TOP 5 leading countries importing Russian grain,” the report notes. According to the department, the main volume of exports comes from soybeans, peas, corn, flax seeds, rapeseed, barley and oats. The main driving forces behind the growth of Russian food exports to China this year were rapeseed (17-fold increase), barley (6-fold), flax seeds (2-fold), oil cake (2-fold), as well as the beginning of pea supplies. Moreover, it is reported that in many respects such high export figures can be due to the successful joint work of Rosselkhoznadzor and the General Administration of Customs of China, as a result of which the list of grain types increases annually, ...
Source: Oilworld

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