Russian agriculture exports to China grow 43%

This was announced by the Minister of Agriculture of Russia Dmitry Patrushev during his visit to the first China International Import Expo, which opened in Shanghai, China, Ministry of Agriculture’s webpage reports.

Also 40 Russian agricultural producers arrived in China to demonstrate their products. As Dmitry Patrushev noted, the Chinese market is one of the priorities for the Russian Federation.

“We highly appreciate our cooperation in the field of agriculture and see significant prospects for increasing exports to China. Today, more than half of our agricultural production accounts for the supply of domestic products. For the first nine months of 2018, exports grew by 43% compared to the same period last year, and reached a total of $1.8 bln. High export growth rates contributed to an increase in bilateral agricultural trade by a third, to $3.2 bln,” said Dmitry Patrushev.

At the moment, key Russian agricultural exports to China are fish and seafood, vegetable oils, soybeans, chocolate. At the same time, Russia has significant potential for increasing the supply of products from various industries, according to the Minister. For example, Russian farmers are interested in a multiple increase in the volume of exports of grain and flour, as well as oil and fat products and sugar.

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