Almost 70% of rapeseed oil exports from Russia go to China, according to experts

Published 2024년 5월 24일

Tridge summary

Approximately 70% of Russia's rapeseed and rapeseed oil exports are shipped to China, positioning Russia as the fourth largest supplier of agricultural products globally. The bilateral trade between Russia and China experienced a significant increase of 25-27% by the end of 2023, reaching approximately $240 billion. This information was shared by Alexey Maslov, the director of the Institute of Asian and African Countries of Moscow State University, at the Amurexpoforum in Blagoveshchensk.

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Original content

About 70% of rapeseed and rapeseed oil exports from Russia go to China. The director of the Institute of Asian and African Countries of Moscow State University spoke about this. M. V. Lomonosov Alexey Maslov at the plenary session “The value of interstate partnership in the new multipolar world” at the Amurexpoforum site in Blagoveshchensk. “Now almost 70% of all rapeseed and rapeseed oil that Russia supplies goes to China. Today Russia ranks approximately fourth [in the world] in the supply of agricultural products,” Maslov said. He added that the volume of bilateral trade between Russia and China increased by 25-27% at the end of 2023 and amounted to about $240 billion. "Amurexpoforum" has been held in Blagoveshchensk since 1992. After a break caused by the coronavirus ...

Source: Milknews