China is concerned about a possible ban on the export of rapeseed from Russia in 2023

Published 2022년 12월 28일

Tridge summary

Chinese business leaders express concern over the potential extension of Russia's ban on rapeseed exports past February 2023. This fear is shared by the Siberian Grain Consortium, which has urged the Russian Ministry of Agriculture to avoid hasty decisions that could negatively impact rapeseed exports through the Zabaikalsk-Manchuria border crossing. The consortium emphasizes the economic benefits of these exports, including high profitability for Chinese traders and support for Russia's food security. Despite an overabundance of rapeseed in Russia, the Institute for Agricultural Studies (IKAR) advocates for the removal of the export ban, citing the positive economic implications and the necessity of maintaining market stability.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Chinese business is concerned about the prospects for rapeseed supplies from Russia. They fear that the ban on the export of this agricultural crop will be extended after February 28, 2023. As a source in the oilseeds market told Interfax, this follows from a letter from the consortium for the import and processing of agricultural products (Manchuria) to the Siberian Grain Consortium association. According to him, Chinese businessmen are asking Russian colleagues to make every effort to preserve the possibility of exporting rapeseed to China through the Zabaikalsk-Manchuria international border crossing. This is necessary to maintain mutually beneficial relations between the Chinese and Russian sides and promote China's food security, the document says. In September, the Russian government banned the export of rapeseed until February 28, 2023, with the exception of deliveries through the Zabaikalsk checkpoint, the press service of the Cabinet reported. “The government has decided ...
Source: AgroInvestor

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