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Russia: Altai Territory may become the largest Siberian grain supplier to China

Russia
Regulation & Compliances
Market & Price Trends
Published Oct 19, 2023

Tridge summary

The Altai Territory in Russia has the potential to become the largest supplier of grain to China in Siberia, according to Maria Shostak, director of the Altai branch of the Center for Grain Quality Assessment. Shipments from the Altai Territory to China have been steadily increasing, with the region overtaking Kyrgyzstan as the second-largest supplier. The export of grain and its processed products from the Altai Territory has seen significant growth, with exports surpassing 2 million tons in the 2022-2023 agricultural year.
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Original content

The Altai Territory, one of the leading agricultural regions of the country, can become the largest Siberian supplier of grain to the PRC. Maria Shostak, director of the Altai branch of the Federal State Budgetary Institution "Center for Grain Quality Assessment", told TASS. On October 17, Russia and China signed the largest contract for the supply of grains worth about $25.7 billion. The agreement provides for the supply of 70 million tons of grains, legumes, and oilseeds for 12 years. "Shipments to China from the Altai Territory are steadily increasing their pace. Last season, the country even increased its place, rising to second, overtaking Kyrgyzstan. The Altai Territory showed a record 294 thousand tons of imports to China. <…> With the long-term partnership of our countries and taking into account the agricultural potential of the Altai Territory, the region can become the largest Siberian supplier of grain to China,” she said, noting that more than 25 grain items are ...
Source: Kvedomosti
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