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    Home > Food News > Food Articles > Agricultural Bank of Russia: Russia's imports of seeds, amino acids and vitamins from China will grow

    Agricultural Bank of Russia: Russia's imports of seeds, amino acids and vitamins from China will grow

    • Last Update: 2022-10-02
    • Source: Internet
    • Author: User
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    China imports amino acid vitamins
     
    The study notes that the geopolitical situation has an impact
    on development opportunities in various areas of Russian agriculture.
    After Russia began special operations in Ukraine, nearly 300 foreign companies stopped cooperating with Russia, including in the agricultural sector
    .
     
    The study participants believe that the proximity of Russia and China will support the growth
    of trade volume between the two countries.
    "China will have a larger share
    of Russian imports in the markets associated with the agro-industrial complex – seeds, amino acids, vitamins," the study said.
     
    According to the Ministry of Agriculture, the seed self-sufficiency rate of Russian agriculture is about 63%, but there is still import dependence in some aspects, such as sunflowers are more than 70%, sugar beets and potatoes are more than
    90%.
    Due to the shortage of agricultural amino acids, the Russian government banned imports from July 1 until the end of the year and zeroed import tariffs
    .
    According to the Ministry of Agriculture, under the condition of feed vitamin shortage, 2 Chinese companies have obtained a license to export to Russia this year and are considering the possibility
    of opening up supplies to China and some other countries.

    The study also points out that Russian-Chinese agricultural trade is becoming more balanced and comparable
    .
    On September 1, Wang Kai, director of the Eurasia Department of the Ministry of Commerce of China, said at the China-Russia Food and Agricultural Products Online Docking Conference that the trade volume of agricultural products between China and Russia in 2021 was 5.
    99 billion US dollars, an increase of 7.
    7% year-on-year, a record high
    .
    In the first half of this year, China-Russia agricultural trade volume was 3.
    57 billion US dollars, which continued to maintain its growth momentum
    .
     
    The Federal Service for Veterinary and Phytosanitary Supervision of the Russian Federation announced on August 12 that Russia and China have developed further action plans to expand Russian-Chinese trade
    in meat and fish products, animal feed, food crops and their products, and other types of agricultural products.
    The study also points out that Russian-Chinese agricultural trade is becoming more balanced and comparable
    .
    On September 1, Wang Kai, director of the Eurasia Department of the Ministry of Commerce of China, said at the China-Russia Food and Agricultural Products Online Docking Conference that the trade volume of agricultural products between China and Russia in 2021 was 5.
    99 billion US dollars, an increase of 7.
    7% year-on-year, a record high
    .
    In the first half of this year, China-Russia agricultural trade volume was 3.
    57 billion US dollars, which continued to maintain its growth momentum
    .
     
    The Federal Service for Veterinary and Phytosanitary Supervision of the Russian Federation announced on August 12 that Russia and China have developed further action plans to expand Russian-Chinese trade
    in meat and fish products, animal feed, food crops and their products, and other types of agricultural products.
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

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