Russian Satellite News Agency, Moscow, September 21. According to a study provided to the Satellite News Agency by the "Agricultural Bank of Russia", Russia 's imports of seeds, amino acids and vitamins from China are expected to grow, taking into account changes in the geopolitical situation.
The study noted that the geopolitical situation has an impact on development opportunities in various fields of Russian agriculture. Nearly 300 foreign companies have stopped cooperating with Russia, including in agriculture, after Russia started a special operation in Ukraine.
The study participants believe that the proximity of Russia and China will support the growth of trade between the two countries. "China will take a larger share of Russian imports in the markets associated with agro-industrial complexes - 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 it still depends on imports in some aspects, such as more than 70% for sunflower and more than 90% for beets and potatoes. Due to a shortage of amino acids for agricultural use, the Russian government banned its imports from July 1 until the end of the year and zeroed import duties. According to the Ministry of Agriculture, under the condition of shortage of feed vitamins, two Chinese companies have obtained licenses to export to Russia this year, and are considering the possibility of opening supplies to China and some other countries.
The study also noted that Russian-Chinese agricultural trade is becoming more balanced and comparable. On September 1, Wang Kai, director of the Eurasian Department of the Chinese Ministry of Commerce, said at the China-Russia Food and Agricultural Products Online Matchmaking Conference that the trade volume of agricultural products between China and Russia in 2021 will be US$5.99 billion, a year-on-year increase of 7.7% and a record high. In the first half of this year, the trade volume of agricultural products between China and Russia was US$3.57 billion, maintaining a growth momentum.
The Russian Federal Veterinary and Phytosanitary Supervision Service announced on August 12 that Russia and China have formulated further action plans to expand Russia and China in meat and fish products, animal feed, food crops and their products, and other types of agricultural products. trade.
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