China has authorized wheat imports from the Russian region of Kurgan, the Chinese customs office mentioned on Friday, bringing Russia a step closer to its goal of dramatically growing grain exports.
China was the top consumer of American soybeans till Beijing slapped a 25% tariff on shipments the last year in response to U.S. tariffs on a variety of Chinese products.
Russia, already the world’s high wheat exporter, plans to invest billions of dollars in grain infrastructure and logistics to raise its exports of the commodity to not less than 55.9 million tonnes by 2035.
The determine, outlined in a 2035 strategy revealed by Russia’s agriculture ministry earlier this month, could be as high as 63.6 million tonnes, its “optimistic scenario” forecasts confirmed.
This year, Russia is predicted to export 41.9 million tonnes of grain, together with 31.4 million tonnes of wheat, based on SovEcon, certainly one of Russia’s leading agriculture consultancies.
China is already importing wheat from six other Russian regions.
A Council of Agriculture-led delegation from Taiwan is to travel to Moscow on Wednesday next week to take part in a two-day promotion of Taiwanese agricultural products.
Moscow and Beijing have set the target of boosting trade turnover to $200 bln by 2024, China’s new Ambassador to Russia Zhang Hanhui told reporters.
Wine export from Georgia to Russia decreased by 27% in July 2019 compared to the corresponding period in 2018, according to the press service of the Georgian National Wine Agen...
October 1-5, 2019 Moscow (Russia)
About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya