Agriculture & Food

"In the first quarter of this year, Russia's beef exports to China reached 26 times that of the same period last year." Russian Satellite News Agency quoted Veronica Nikishina, general manager of the Russian Export Center, as saying on the 15th that despite the new crown epidemic. Difficult, but Russia is still "systematically increasing business and trade ties with China."

“This record number achieved in all countries in difficult times is largely related to the increase in exports of food and agricultural products from Russia to the Chinese market,” said Nikishinna. In the first quarter of this year, the trade volume between Russia and China exceeded that. 28 billion U.S. dollars, an increase of 15% over the same period last year, of which Russia’s exports to China were approximately 13.5 billion U.S. dollars. The export value of non-raw materials and non-energy commodities was US$4 billion, a year-on-year increase of 40%.

"In the first quarter of this year, Russia's beef exports to the Chinese market reached 26 times that of the same period last year. At the same time, Russia's exports of poultry products to China have also increased well." She also said that it is expected that this year's exports of confectionery to China will also increase. Significant growth occurred. According to the Agricultural Export Center under the Ministry of Agriculture of Russia, Russia exported 1.8 million tons of agricultural products to China from January to March this year, amounting to US$1.09 billion.

China is the world's largest beef importer and has long been the largest beef market for Australia, the world's largest beef exporter. In 2020, China imported a total of 2.1183 million tons of beef, a record high, a year-on-year increase of 27.6%.

However, according to data from the Australian beef trade information website beef central, affected by China's import ban on a number of Australian slaughter companies last year, the total amount of Australian beef exports to China in 2020 will be less than 200,000 tons, a decrease of 35% from 2019. China has also slipped from its position as the largest export market for Australian beef to third place.