Russian fertilizer supplies to China up 70% in first half of this year, soybeans up 16%

Beijing, August 5 (RIA Novosti) – Russian fertilizer supplies to China increased by 70 percent and soybeans by 16 percent in the first half of 2022, and Beijing is interested in Russian agricultural products, and there are prospects for increased cooperation in this area, Russian Commercial Representative in China Alexei Dakhnovsky told reporters on August 5.

Agricultural products and foodstuffs are certainly one of the main growth points of our exports to China,” Dakhnovsky said. According to the data of the Chinese General Administration of Customs, it grew by almost 23% in the first half of this year. Chinese partners are certainly interested in supplying various Russian products, including agricultural products and fertilizers, and they have talked about this more than once.” He noted that the supply of fertilizers to China grew by 70% in the first half of the year.

He explained that “we have objective difficulties related to sanctions. There are no direct sanctions on food supplies from Russia, but there are indirect sanctions related to the refusal of transport companies to cooperate with Russian ports, to problems with ships and cargo insurance.”

Speaking about grain exports, the business representative said, “This year grain supplies have decreased because of temporary protective measures imposed by the Russian government, but according to the latest news from Moscow, grain exports will continue this year.” Dakhnovsky noted that “in other crops there is an increase in supply. For example, supplies of sunflower and rapeseed increased by almost 51 percent in the first half of this year, and soybeans by more than 16 percent.”

Source: RIA Novosti

Post time: Aug-11-2022