Russia could become a major exporter of alfalfa to China

Published Mar 27, 2024

Tridge summary

China imports approximately 2 million tons of alfalfa annually, with a projected annual consumption growth of 7-8%. The primary suppliers have been the USA and Spain, but Russia is emerging as a potential new source due to its logistical advantages, including proximity to China. Sergei Gontar, the General Director of the Association of Hay and Feed Exporters, has pointed out the benefits for Chinese dairy farms in sourcing alfalfa from regions closer to the PRC border, indicating a significant opportunity for Russian alfalfa exports to the Chinese market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Annual imports of alfalfa into China amount to about 2 million tons and consumption growth is forecast to be 7-8% per year in the near future. The main exporters at the moment are the USA and Spain, but it would be more convenient for Chinese importers to purchase alfalfa nearby, and with new production facilities Russia can enter this market. China is a promising market for Russian alfalfa exports, says Sergei Gontar, General Director of the Association of Hay and Feed Exporters. In a commentary for the Federal State Budgetary Institution Agroexport, which was reviewed by sfera.fm, the expert indicated that the annual import of alfalfa into this country is about 2 million tons. And, according to forecasts, consumption growth in the near future will be 7-8% per year. The main suppliers currently are the USA and Spain. However, it is logistically much more preferable for China to receive alfalfa from Russian regions located in close proximity to the PRC ...

Source: Agronovosti